Globacap, a technology firm working to digitise and automate the private capital markets, has raised $21 million in Series B funding.
In brief:
-Moore Strategic Ventures, Cboe Global Markets, and the Johannesburg Stock Exchange joined the round.
-The firm will use the new funding to ramp up its marketing and sales efforts, expand into new geographies and invest in developing its product.
-Launched six years ago, it now hosts 15 white labels for global institutions and an ecosystem that has managed over 70 private placements
What does this mean?
Globacap says it wants to unleash the potential of private capital markets through digitisation and automation. Its workflow automation SaaS promises to bring public markets-like efficiency to private markets.
