Capital markets technology company Globacap has completed a $21 million Series B funding round with the aim of digitizing and automating the global private capital markets.

Investors include financial 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 unlock the potential of private capital markets through digitalization and automation. Workflow automation as a service brings the same efficiency as public procurement to the private market. It streamlines tedious processes from issuance and ongoing management to transferability and settlement of securities, thereby reducing costs and improving the efficiency of market intermediaries.

Globacap has grown rapidly since its launch six years ago. It houses 15 white labels for global institutions and an ecosystem that has managed more than 70 private placements and completed more than $350 million in private asset secondary transactions, with automated settlement and currently manages $14 billion in private securities.
The capital markets technology company will use this new funding to enhance its marketing and sales efforts, expand into new geographies and invest in its product development for expansion customer base. It also plans to build on the success of its white label product which helps digitize and automate processes across private capital markets and is used by leading intermediaries including the JSE and Instinet.

“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.”

Myles Milston, Globacap Co-Founder and CEO.