You are here

Up to S$1.5m SGX fund for equity crowdfunding platform CapBridge

singaporeexchange240615.jpg
Singapore Exchange (SGX) will provide up to S$1.5 million to Clearbridge Accelerator (CBA) to support the development of CapBridge, an equity crowdfunding platform initially set up by SGX and CBA, and announced in January.

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.

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom