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SINGAPORE Exchange (SGX) will provide up to S$1.5 million to support the development of CapBridge, an equity crowdfunding platform initially set up by SGX and Clearbridge Accelerator (CBA), and announced in January.
In a statement on Wednesday, CapBridge added that it has brought on board two new partners to strengthen both the platform and operational team: HealthiosXchange, a US-based equity crowdfunding platform for the healthcare industry, as a strategic partner; and DBS Bank, as a strategic and marketing partner.
CapBridge will launch its first batch of companies seeking capital in July 2015. A total of 10 companies from around the world will be featured in this pilot run with a combined indicative deal value of approximately S$138 million, said the platform.