Globacap, a technology company dedicated to digitizing and automating the $12 trillion private capital markets, has successfully raised $21 million in Series B funding.
Participants in this funding round included Moore Strategic Ventures, Cboe Global Markets, and the Johannesburg Stock Exchange.
Globacap aims to unlock the potential of private capital markets through digitization and automation, offering a workflow automation software-as-a-service (SaaS) solution designed to enhance efficiency akin to public markets.
The platform streamlines processes from issuance and ongoing administration to the transferability and settlement of securities, thereby reducing costs and improving efficiency for market intermediaries. Established six years ago, Globacap now operates 15 white-label solutions for global institutions and has facilitated over 70 private placements, completing more than $350 million in secondary transactions of private assets with automated settlement. Currently, it manages $14 billion in private securities.
The new funding will be used to enhance marketing and sales efforts, expand into new regions, and invest in product development.
Myles Milston, CEO of Globacap, stated, “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.”