CapBridge , a capital-raising platform dedicated to connecting high-growth companies globally to investors and smart monies from key markets, has brought in new partners to strengthen both the platform and operational team. Initially set up by Singapore Exchange (SGX) and Clearbridge Accelerator (CBA), CapBridge has now brought on board HealthiosXchange as a strategic partner and DBS Bank as a strategic and marketing partner.
“We are delighted to join CapBridge as a strategic partner,” says David Loucks, CEO of Healthios Xchange. “As the global financing markets continue to evolve, technology is playing an extraordinary role in transforming private capital investment markets. CapBridge is at the centre of this transformation, providing investors with the means to improve returns while moderating risk and enabling the most promising growth companies to expand their access to much-needed financing.”
CapBridge is launching its first batch of companies seeking capital in July 2015. A total of ten (10) companies from around the world will be featured in this pilot run with a combined indicative deal value of approximately SGD$138 million.
“Our partnership with CapBridge demonstrates SGX’s commitment to support the growth of SMEs in Singapore. We believe that the CapBridge platform will play an important role in enabling early-stage SMEs to raise funds more efficiently,” said Mohamed Nasser Ismail, Head SME Development & Listings SGX.
SGX announced that it will provide up to $1.5 million to CBA to support the development of CapBridge platform today.
The CapBridge platform have been well received internationally from recent roadshow. Accredited investors and Institutional Investors can benefit from better quality deal flow in high growth, innovative technology companies. Companies will benefit from access to smart money, as well as an efficient and cost-effective way to raise funds.
“The launch of this platform is timely as it will help investors to be involved in companies with exciting technologies and great potential. We look forward to having our A*STAR spin-off companies to be onboard the CapBridge platform. We are confident that A*STAR’s R&D portfolio will continue to build a strong pipeline of Singapore companies that will be attractive to investors,” said Philip Lim, CEO of ETPL, the commercialisation arm of A*STAR.
“Together with CapBridge, DBS will organise joint forums under the DBS BusinessClass programme to educate our SME and accredited investing customers on the intricacies of equity crowdfunding and capital raising. We hope this will lend a helping hand to our innovative start-up customers, who are interested in leveraging equity crowdfunding as a capital raising instrument. Equity crowdfunding compliments DBS VentureDebt, which is a form of debt financing specially structured for innovative
start-ups that have earlier raised at least S$1million from partner venture capital firms,” Benny Chan, Executive Director, DBS SME Banking.
“CapBridge is well positioned to take advantage of this global trend in equity funding and we have been privileged to be able to partner best-in-class professionals. We look forward to continuing our growth trajectory given the rapid growth opportunities in key technology markets such as the U.S.A. and Asia,” said Dr Steven Fang, CEO CapBridge and Partner Clearbridge Accelerator.
CapBridge is a capital raising platform dedicated to financing promising high growth companies globally, with a focus in Asia. Combining advanced financial technologies with comprehensive service throughout the investment and development horizon, CapBridge connects mid or late-stage high growth companies with financial intermedaries, accredited investors and strategic buyers globally across key industry sectors.
About Singapore Exchange (SGX)
Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia’s most international exchange with about 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world’s biggest offshore market for Asian equity index futures, centred on Asia’s three largest economies – China, India and Japan.