Globacap secures £6.5m in Series A extension funding led by the Johannesburg Stock Exchange
The Johannesburg Stock Exchange led the Series A extension round to support the rollout of new digital platforms.
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 £6.5m in a Series A extension round led by the Johannesburg Stock Exchange, with participation from Moore Strategic Ventures. The financing will support the deployment of the company's full-service digital platform and underpins a new commercial agreement to launch private placement platforms in Africa.
The capital injection follows strong adoption of the firm's technology, which currently administers over $3bn in private shares and debt instruments. Alongside the equity investment, the Johannesburg Stock Exchange will utilise Globacap's software to digitise capital raising for infrastructure and small businesses across the continent.
From the founder
"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."
Myles Milston
Co-Founder and CEO at Globacap
Investor perspective
"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."
Leila Fourie
CEO, Johannesburg Stock Exchange
Use of funds
- 01Continue product development
