SGX, Clearbridge to launch equity crowdfunding platform

Singapore

SINGAPORE Exchange (SGX) is partnering venture capital and incubation firm Clearbridge Accelerator (CBA) to develop an equity crowdfunding (ECF) platform for entrepreneurs and SMEs to raise capital.

Believed to be the first such platform led by a stock exchange, it allows individual investors to invest in companies in return for shares.

"The ECF platform is a new channel for growth-stage firms in Asia to raise Series A and B money - a funding crunch that is real and immediate - and for tr…