SGX-backed unit to pick 10% in capital raising platform CapBridge

A view of the SGX signage outside their office in Singapore March 2, 2017. REUTERS/Edgar Su

Singapore Exchange-backed Asian Gateway Investments will acquire a 10 per cent stake in online capital raising platform CapBridge Platform which has also raised a $2.96 million (SGD4 million) in new money from early stage investors including US-based Timothy Draper.

The Capbridge Holdings owned platform will use the financing round for building multiple functions for companies and investors to tap on, engage with, and exchange content between each other, the company said in an announcement on Monday.

The platform helps companies to connect with smart money investors and manage strategic financing campaigns to raise growth capital.  Institutional and accredited investors can participate in the growth funding of mid-to-late stage companies through an online interface that the platform provides.

The recent partnership between Singapore Exchange and CapBridge follows the former’s continuous association with the platform. Earlier in 2015, the exchange had provided support to the platform through a S$1.5 million grant to Clearbridge Accelrator Pte Ltd (now 1Exchange) over three years.

Earlier this year, CapBridge said, it was launching a $100 million pre-IPO (initial public offering) fund in collaboration with Gordian Capital in bid to link startups with institutional investors, a sub-trust fund under the CapBridge Investment Trust (CIT).

In one of the recent funding via CapBridge, US-based start-up Nautilus Data Technologies raised $25 million in a Series C preferred stock funding exercise via the platform last month. In a round led by a Palo Alto-based family office, the fundraising exercise saw strong participation from investors in the US, Europe, and Singapore. Investors included the Ireland Strategic Investment Fund and a unit of Singapore’s Keppel Telecommunications & Transportation Ltd.

“CapBridge addresses the funding challenges growth companies face, and adds to the vibrancy of the capital markets here in Singapore. SGX is committed to supporting the development of the CapBridge online platform, and this partnership syncs well with our broader drive to ensure that every company, at each stage of their growth, has access to capital that is efficient, cost-effective and sustainable,” said Mohamed Nasser Ismail, Senior Vice President and Head of Capital Market Development and Equity Capital Market (SME) at SGX.

He added that SGX intends to leverage on CapBridge’s experience and together explore the feasibility of building on their platform to develop a fully integrated private market in Singapore.

Formed in 2015 in partnership with the Singapore Exchange, CapBridge is regulated by the Monetary Authority of Singapore and holds a Capital Markets Services Licence that allows it to deal with securities. It is a carve-out from 1Exchange (formerly of Clearbridge Accelerator, Singapore) and in partnership with Healthios Capital Markets(US).

Also Read:

Singapore Exchange IPO pipeline looks strong: Mohamed Nasser Ismail, SGX

Singapore: CapBridge launches $100m VC fund

SGX gives S$1.5m grant to develop equity crowdfunding platform CapBridge

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.