2 years ago
Globacap Raises $21 Million in Series B Funding to Expand Private Market Offerings
Globacap, a London-based capital markets technology company, has secured $21 million in Series B funding
The round was led by Moore Strategic Ventures with participation from Cboe Global Markets, the Johannesburg Stock Exchange (JSE), GABI Ventures, and QBN Capital
Globacap plans to use the funds to expand its marketing and sales efforts, enter new markets, and invest in product development to grow its customer base
The company's software digitizes and automates private capital markets, providing a white label SaaS solution that brings public markets-like efficiency to private markets.
ProblemTechnology
"Private capital markets are inefficient and expensive, making it difficult for financial institutions to access and manage investments."
Solution
"Globacap's software digitizes and automates private capital markets, making them more efficient and cost-effective. It provides a white label SaaS solution that brings public markets-like efficiency to private markets, enabling financial institutions to accelerate their private market commercial activity while also driving down operating costs."