Investment Platform CapBridge Bags Funding From SGInnovate and Cyberport | SGInnovate

Investment Platform CapBridge Bags Funding From SGInnovate and Cyberport

Thursday, May 21, 2020

CapBridge, a private capital platform backed by the Singapore Exchange (SGX), has gotten equity investments from Singapore Government-owned Deep Tech investor SGInnovate and Hong Kong Government-linked Cyberport Macro Fund.

Cyberport Macro Fund is a fund of Cyberport, a community of around 1,500 tech firms. Cyberport is managed by government-owned Hong Kong Cyberport Management Company Limited.

The investments mark the close of CapBridge's Series A financing round, bringing its post-money valuation to over US$40 million, The Business Times understands.

The round had attracted investors such as Seoul-based asset management firm Hanwha Investment & Securities Co, which announced an investment of US$4 million last September, and SGX, which had invested in CapBridge's pre-Series A round alongside notable US-based venture capitalist Tim Draper.

CapBridge will use the fresh funds to accelerate the development of its technology solutions. It will use blockchain technology to optimise share tracking, private equity investments, and securities trading settlements for private companies. 

Original article: The Business Times

Topics: Investments, Startup and Corporate Open Innovation

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