back Back

Globacap raises $21m Series B to digitise private capital markets 

By Gloria Methri

October 18, 2023

  • Cboe Global Markets
  • Digital Private Capital Markets Ecosystem
  • fintech funding
Share

Globacap, FinTech, Private Capital Markets, UKCapital markets technology firm, Globacap has completed a $21m million Series B funding round as it strives to digitise and automate the global private capital market.

Investors include capital markets heavyweights Moore Strategic Ventures, LLC, Cboe Global Markets, Inc., and the Johannesburg Stock Exchange (JSE), as well as GABI Ventures and Asia-focused investment firm, QBN Capital.

Globacap aims to unleash the potential of private capital markets through digitisation and automation. Its workflow automation software-as-a-service brings public markets-like efficiency to private markets. It streamlines time-consuming processes from issuance, and ongoing administration, through to transferability and settlement of securities, reducing costs and improving efficiency for market intermediaries.

Globacap has grown rapidly since launching six years ago. It hosts 15 whitelabels for global institutions and an ecosystem that has managed over 70 private placements and completed over $350 million in secondary transactions of private assets, with the automated settlement, and currently administers $14 billion of private securities.

The capital markets technology firm will use the fresh injection of funding to ramp up its marketing and sales efforts, expand into new geographies, and invest in developing its product to grow its customer base. It also plans to build on the success of its white-label product which digitises and automates processes throughout private capital markets and is used by leading intermediaries including the JSE and Instinet.

Myles Milston, Globacap Co-Founder and CEO said, “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 a powerful validation of our mission to transform and drive efficiency in private capital markets. We are in a unique position to grow through the current market turmoil, leading with strength as market conditions eventually improve.”

Previous Article

October 18, 2023

BigPay selects Thredd to power its payments processing across SEA

Read More
Next Article

October 19, 2023

TerraPay & Papara team to boost Turkish cross-border payments

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

Cboe Global Markets

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

FIS & Lendio launch ‘SMB Digital Lending’ to boost small business loan processes

Read More

Today

Invest Blue taps GBST for its WealthConnect practice management solution

Read More

July 16, 2024

Thinslices partners with SaaScada

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024