Moore Strategic Ventures is the privately held investment company for Louis M. Bacon. The firm operates as an investment vehicle tied to Moore Capital Management.
The capital markets technology firm has raised a Series B round led by Moore Strategic Ventures to scale its software platform.
"The Globacap ecosystem is a vital enabler to our JSE Private Placements business, and our joint relationship has equipped the JSE to drive our diversification strategy in supporting capital formation in private markets. As the JSE, we support Globacap’s next growth phase and we look forward to continued growth that will produce innovative and implementable solutions to address the ever-evolving need of customers,"
The Series B round was led by Eclipse Ventures with participation from a broad group of global financial and strategic backers.
"We were the first team to develop the scientific breakthroughs in deep learning to build autonomous driving technology that can easily scale to new markets using a data-learned approach. Today, we have all of the pieces in place to take what we have pioneered and drive AV2.0 forward. We have brought together world-class strategic partners in transportation, grocery delivery and compute, along with the best capital resources to scale our core autonomy platform, trial products with our commercial fleet partners, and build the infrastructure to scale AV2.0 globally."
The Johannesburg Stock Exchange led the Series A extension round to support the rollout of new digital platforms.
"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."
The funding round was led by Moore Strategic Ventures with participation from existing shareholders.
"Working with the team at SME has been a great experience and the product does exactly what it says on the tin, it makes it easy. In an ever changing and more demanding media landscape we, as a media team, need to adapt quickly to new requirements and as a result, require tools and services that are flexible and easy to configure. The File Fabric has already proven its worth and with its simple API, it was easy to integrate into our facility."
The £2m injection brings Adarga's total Series A fundraising to £7m following previous backing led by Allectus Capital.
"We are pleased to be investing in Adarga and look forward to supporting the Adarga team as it continues to build out its software products adarga_engine™ and adarga_bench™."
