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CapBridge raises S$4m in new funding from SGX, Tim Draper
CAPBRIDGE, a Singapore-based platform that helps emerging growth companies raise funds for growth, said on Monday that it has raised over S$4 million in a new funding round to enhance its online platform.
Among the investors is Singapore Exchange (SGX), which has, through its subsidiary Asian Gateway Investments (AGI), signed an agreement to subscribe to to a 10-per cent equity stake in CapBridge Platform.
The latter is a subsidiary of CapBridge that will operate its online capital-raising platform. The agreement is subject to closing conditions.
This financing round for CapBridge was also supported by a "selective group of seasoned early stage investors", among them notable US-based venture capitalist Tim Draper.
Founded in 2015 in partnership with SGX, CapBridge offers institutional and accredited investors private and exclusive access to venture capital financing and pre-IPO (initial public offering) placement deals. Last month, CapBridge helped US-based start-up Nautilus Data Technologies raise US$25 million in a Series C preferred stock funding exercise.