SINGAPORE, 15 SEPTEMBER 2017 – Singapore-based fundraising platform CapBridge Private Limited (“CapBridge”) today announced that US-based Nautilus Data Technologies Inc (“Nautilus”) has successfully raised US$25 million in a Series C preferred stock funding exercise. The fundraising exercise saw strong participation from investors in the US, Europe, and Singapore’s Keppel Telecommunications & Transportation Ltd.
Johnson Chen, CEO of CapBridge, said, “We are pleased to support Nautilus in its fundraising exercise, which has garnered interest from well-established investors globally and in Singapore. CapBridge addresses the growing demand by mid-to-late stage companies seeking to connect with key investors, and we look forward to facilitating more fundraising activities.”
CapBridge provides institutional and accredited investors private and exclusive access to mid-to-late stage companies through its innovative, reliable and efficient online interface. It also advises global emerging growth companies on private placements, pre-IPOs, and IPOs.
Based in California, United States, Nautilus data centres use patented water-cooling technology to reduce electricity usage by 80% and capital expenditures by 50%. Nautilus is building its first commercial data centre at Mare Island Naval Shipyard in northern California and will float the 6MW barge to a secure port facility in Stockton, California.