20 May 2020, Singapore – CapBridge Financial (“CapBridge”), Singapore’s leading integrated private market eco-system comprising over US$2 billion of investable deals and Singapore’s first regulated securities exchange for private companies, today announced that it has received equity investments from SGInnovate and Cyberport Macro Fund, further attesting to its strong government support and growing regional network.
SGInnovate is a private-limited company wholly owned by the Singapore Government that helps entrepreneurial scientists build and scale Deep Tech startups through equity-based investments, access to talent, and business-building advice. Hong Kong Cyberport is the digital technology flagship with more than 1,500 start-ups and technology companies. Launched in 2016, Cyberport Macro Fund is a testament to its pledge to give start-ups that extra push they need to excel and go global, by connecting with overseas partners and investors to co-invest through the extensive Cyberport network.
Mr Johnson Chen, founder and CEO of CapBridge, said, “We are very encouraged by the confidence in CapBridge demonstrated through the investments from SGInnovate and the Cyberport Macro Fund. The global economy has been severely impacted by the coronavirus pandemic, creating unprecedented challenges for many companies seeking growth capital. With the support of SGInnovate and Hong Kong Cyberport, as well as our other shareholders, CapBridge is committed to supporting the needs of these companies in an increasingly interconnected and digitalised global capital markets environment.”
Dr Lim Jui, CEO, SGInnovate said, “The disruptions caused by the COVID-19 pandemic have underscored the urgency for alternative fundraising pathways, enabled by Deep Tech and enhanced connectivity. The CapBridge platform has the potential to optimise the capital raising experience for growth companies in Singapore and the region. We are pleased to support them as they look to improve access to private markets through technology, for companies and investors alike.”
With the support from SGInnovate, CapBridge is expected to accelerate the development of its technology solutions, and deploy blockchain technology to optimise share tracking, private equity investments, and securities trading settlements for private companies.
Dr George Lam, Chairman of Cyberport said, “As the largest digital tech community in Hong Kong, Cyberport is committed to fostering digital tech development and entrepreneurship. We are delighted to have this opportunity to work with CapBridge and this co-investment will help to unlock value for private companies and family businesses, as well as the investors keen on pursuing private market diversification. I believe Hong Kong’s development in innovation and technology will continue to march forwards while seizing new opportunities arising from other international cities. We look forward to building a closer relationship with CapBridge and believe it will add vibrancy to Hong Kong’s capital markets.”
Along with the investment from Cyberport Macro Fund, CapBridge expects to further scale up its presence in Hong Kong to serve the growing interest in private markets from the region.
The CapBridge Financial private markets solution helps companies and investors unlock value via a uniquely integrated primary syndication and secondary trading approach. Based in global leading financial hub Singapore and regulated by the Monetary Authority of Singapore (“MAS”), CapBridge Financial holds a Capital Markets Services Licence through its primary online syndication platform, and the Recognised Market Operator licence through Singapore’s first regulated private securities exchange, the blockchain-based 1exchange (“1X”).
The CapBridge primary syndication platform and the 1X secondary private equity trading exchange represents an integrated and holistic solution to growth companies, family-owned businesses, as well as private investors wishing to unlock and gain value from the private markets.