The Cape Town Stock Exchange Announces The Closure Of Its R85 Million Funding Round
The Cape Town Stock Exchange Announces The Closure Of Its R85 Million Funding Round. The Cape Town Stock Exchange took to Twitter to announce that it has closed its R85 million funding round.
The post read, “The Cape Town Stock Exchange (CTSE) is excited to announce the closing of its R85 million funding round. The oversubscribed round was led by a new investor in the group, Imvelo Ventures, a venture capital investment company founded by Capitec Bank and Empowerment Capital Investment Partners. Additional participation includes Lebashe Investment Group, Pallidus Alternative Investments, Shaolin Investments Limited, and Gary Stroebel, all existing investors in the CTSE.”
The Cape Town Stock Exchange (CTSE) is South Africa’s stock exchange for small- and medium-sized businesses. It is aimed at growth companies looking to build up both the South African and broader African economies. It is also only one of two exchanges in the country with a licence to list both equity and debt. The exchange is proudly located in Cape Town because it’s a global city that, much like the business, is all about growth, technological development, and innovation.
“CTSE’s technology and financing innovation is changing the market’s capital, and funding raise experience. CTSE is transforming what has historically been a long and complicated process into one that is more transparent, safe, and simple. I am proud of what the CTSE’s team has achieved by innovating daily to reduce cost, risk, time, and complexity in the Capital raise process. We are grateful for our newest and existing investors’ confidence in our business and the opportunity before us. We believe this underscores the fact that our business plays a transformative role in growing the African economy from Cape to Cairo.”” said CTSE CEO Eugene Booysen.
The Cape Town Stock Exchange was originally launched as 4AX in 2016, and formally commenced operations on 1 March 2017. It relaunched to become The Cape Town Stock Exchange in October 2021. The exchange’s head office is in Cape Town but it has presence in Johannesburg, and works with businesses all over Southern Africa.
