CapBridge names SGX's Chew Sutat as non-executive director

Mr Chew Sutat said the SGX and CapBridge partnership forms a strong funding ecosystem for pre-IPO growth companies.
Mr Chew Sutat said the SGX and CapBridge partnership forms a strong funding ecosystem for pre-IPO growth companies.

Singapore-based start-up CapBridge has appointed Mr Chew Sutat of the Singapore Exchange (SGX) as a non-executive director.

Mr Chew is SGX's executive vice-president and head of equities and fixed income.

CapBridge also announced that it recently bagged $5 million in Series A funding in an "oversubscribed" round and on the back of strong investor demand.

Mr Johnson Chen, CapBridge's founder and chief executive, said Mr Chew brings "deep capital market experience" and will provide guidance for the company's continued growth.

"We will work closely with our board to continue bridging the funding gap for growth companies, and fulfilling the desire of private investors for exposure to growth equity," he added.

Said Mr Chew: "CapBridge smartly supports the capital needs of growth companies via an investment sharing process, leveraging on knowledgeable investors for each company."

"The SGX and CapBridge partnership forms a strong funding ecosystem for these pre-IPO companies, so that they can focus on building tomorrow's champions," he added.

Founded in 2015 in partnership with SGX, CapBridge offers institutional and accredited investors private and exclusive access to venture capital financing and pre-initial public offering placement deals, serving mid-to-late-stage growth companies.

Apart from SGX, CapBridge's investors include noted US venture capitalist Tim Draper.

In an earlier announcement in October last year, CapBridge raised more than $4 million to enhance its online platform.

A version of this article appeared in the print edition of The Straits Times on May 08, 2018, with the headline 'CapBridge names SGX's Chew Sutat as non-executive director'. Print Edition | Subscribe