Globacap raises $9 million in Series A extension funding round
LONDON : Globacap, the fintech that is transforming capital markets, has completed a series A extension round securing $9 million from investors. The round was led by the Johannesburg Stock Exchange (JSE), Africa’s largest stock exchange, with participation from Moore Strategic Ventures, the privately held investment company for Louis Bacon, Founder and CEO of Moore Capital Management..
Globacap, authorised and regulated by the FCA, uses cutting-edge technology to digitise private shares and debt instruments, providing more efficient administration, a more robust audit trail, greater security, and allowing for near real-time secondary transferability. Over $3 billion of private shares and debt instruments are digitally administered on its platform for 60 companies and over 8,000 shareholders and debt investors.
Globacap has also fully digitised and semi-automated the process of private placement, from offering documentation, to distribution, AML, tracking, order management, bookbuilding, and settlement.
This investment in Globacap’s full-service platform will assist with the roll-out of its first in class digital platform.
The JSE and Globacap have also entered into a commercial agreement to launch two private placement platforms in Africa later this year. The first is to digitise investment into infrastructure projects, a $100 billion market, and the second for investment into SMEs. Using Globacap technology, the JSE will advance and digitize capital raising in private funding markets on the continent, in turn helping to create sustainable infrastructure and business growth.
Myles Milston, CEO at Globacap, comments:
“The world is going digital. In the same way smartphones have transformed the way we live our lives, from navigating, to ordering food, our tech has brought private capital markets into the digital era. This is not only transformational, it’s also a trillion-dollar market opportunity. The involvement of this calibre of investors showcases the appetite for digitization, and the belief in our platform. With this investment, we are excited to scale our brand and show its ability to change the way the capital markets world works.”
Leila Fourie, CEO at JSE added
“We believe that this partnership will transform the African economic landscape by increasing levels of efficiency and allowing businesses access to capital for future growth. Using Globacap’s technology we will digitally transform capital raising for infrastructure and business sectors, as well as stimulate growth across Africa. We’re delighted to be part of Globacap’s growth.”
Globacap, is an online platform that automates private capital markets, empowering companies to grow more efficiently, and stay private for longer. Globacap provides digital tools to raise capital, administrate capital, and facilitate and settle secondary liquidity nearly instantaneously. Over $3 billion of private shares and debt instruments are digitally administered on its platform for 60 companies and over 8,000 shareholders and debt investors. Globacap is regulated by the FCA.
About Moore Strategic Ventures
Moore Strategic Ventures, LLC is the privately held investment company for Louis M. Bacon, Founder and CEO of Moore Capital Management, LP.
About Johannesburg Stock Exchange
The Johannesburg Stock Exchange (JSE) has a well-established history operating as a marketplace for trading financial products. It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself as being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for 130 years.
As a leading global exchange, the JSE co-creates, unlocks value & makes real connections happen.
Globacap press team