CapBridge Financial has picked up $2m in a equity round

May 22, 2020

Singapore-based FinTech CapBridge has reportedly picked up new money in an investment round from SGInnovate and Cyberport Macro Fund.

While the release we have seen at FInTech Global didn’t involve any amount, Crunchbase has listed that it picked up $2m.

The company is behind an integrated private market eco-system comprising over $2bn of investable deals and Singapore’s first regulated securities exchange for private companies.

It said it would use the money to bolster the development of its technology solutions and deploy blockchain technology to optimise share tracking, private equity investments, and securities trading settlements for private companies.

Johnson Chen, founder and CEO of CapBridge, said the investment will also be used to support companies struggling because of the coronavirus pandemic.

Lim Jui, CEO of SGInnovate, added, “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.”