Globacap, a London, UK-based capital markets technology company, closed a $21m Series B funding round.
Backers included Moore Strategic Ventures, Cboe Global Markets, and the Johannesburg Stock Exchange (JSE), as well as GABI Ventures and QBN Capital.
The company plans to use the funds to ramp up its marketing and sales efforts, expand into new geographies and invest in developing its product to grow its customer base.
Led by Myles Milston, co-founder and CEO, and Alex Green, Co-founder and CCO, Globacap is a capital markets technology firm that digitises and automates the world’s private capital markets. It delivers a white label SaaS solution that brings public markets-like efficiency to private markets. The software’s digital workflows enable financial institutions including securities exchanges, securities firms, private banks, and asset managers to accelerate their private market commercial activity while also driving down operating costs.
The software has hosted 70+ private placements, executed $350m+ in secondary liquidity with automated settlement, and administers $14bn+ of private securities.
FinSMEs
18/10/2023