Globacap secures £17m in Series B funding from Moore Strategic Ventures and others to expand operations.
The capital markets technology firm has raised a Series B round led by Moore Strategic Ventures to scale its software platform.
Globacap provides workflow automation software designed to bring public market efficiencies to private capital markets. The firm digitises and automates processes from issuance to settlement for financial institutions.
Globacap has secured £17m in Series B funding from a group of prominent international investors, including Moore Strategic Ventures. The capital will be directed towards expanding international operations, scaling sales and marketing activities, and further developing the company product suite. This latest injection of funds follows a period of rapid growth for the capital markets technology firm as it seeks to automate private market administration.
From the founder
"Private capital markets are rapidly growing, but their opaque nature is holding them back from reaching their true potential. We are bringing public markets-like infrastructure to private capital markets to improve access, boost liquidity and remove administrative burdens. Securing considerable backing from world-leading investors during a time of market turbulence, risk aversion and uncertainty is powerful validation of our mission to transform and drive efficiency in private capital markets. We’re in a unique position to grow through the current market turmoil, leading with strength as market conditions eventually improve."
Myles Milston
Co-Founder and CEO at Globacap
Use of funds
- 01Invest in sales and marketing
- 02Expand into international markets
- 03Continue product development
Investors
Moore Strategic Ventures
Cboe Global Markets
Johannesburg Stock Exchange
GABI Ventures
QBN Capital