A consortium of five investors has signed a deal to back an early-stage investment into Cape Town Stock Exchange (CTSE), a South Africa-based financial services technology company.
Imvelo Ventures and Empowerment Capital Investment Partners have co-led an approximately $5 million (R85 million) funding round into CTSE, investing alongside three investors.
The duo is joined on the deal by Lebashe Investment Group, Pallidus Alternative Investments and Shaolin Investments – all investing as existing players.
Gary Stroebel, chief executive officer at Future Media, a Namibia based media company is backing the deal as an individual investor.
Imvelo Ventures is a venture capital arm of Capitec Bank, a South Africa-based financial services company. The venture capital firm was created in 2020 to back early stage deals across South Africa.
Mark Fitzjohn [pictured] is director at Imvelo.
Shirley Zinn is director at Empowerment Capital.
Warren Wheatley is chief investment officer at Lebashe.
JD Symington is executive director at Pallidus.
Headquartered in Cape Town, CTSE offer a stock exchange platform for small- and medium-sized companies across Africa.
CTSE enables clients to raise debt or equity capital from the public markets.
Created in 2016, the company is headed by Eugene Booysen and employs approximately 50 people as 2022.
The company was set up as 4AX, and was renamed as CTSE in 2021.
A consortium of five investors has signed a deal to back an early-stage investment into Cape Town Stock Exchange (CTSE), a South Africa-based financial services technology company.
Imvelo Ventures and Empowerment Capital Investment Partners have co-led an approximately $5 million (R85 million) funding round into CTSE, investing alongside three investors.
The duo is joined on the deal by Lebashe Investment Group, Pallidus Alternative Investments and Shaolin Investments – all investing as existing players.
Gary Stroebel, chief executive officer at Future Media, a Namibia based media company is backing the deal as an individual investor.
Imvelo Ventures is a venture capital arm of Capitec Bank, a South Africa-based financial services company. The venture capital firm was created in 2020 to back early stage deals across South Africa.
Mark Fitzjohn [pictured] is director at Imvelo.
Shirley Zinn is director at Empowerment Capital.
Warren Wheatley is chief investment officer at Lebashe.
JD Symington is executive director at Pallidus.
Headquartered in Cape Town, CTSE offer a stock exchange platform for small- and medium-sized companies across Africa.
CTSE enables clients to raise debt or equity capital from the public markets.
Created in 2016, the company is headed by Eugene Booysen and employs approximately 50 people as 2022.
The company was set up as 4AX, and was renamed as CTSE in 2021.
| Deal Card | |
| Company Name | Cape Town Stock Exchange (CTSE) |
| Sector | Business services |
| Sub Sector | Financial services |
| Revenue | Bespoke request |
| Country (Headquarters) | South Africa |
| City (Headquarters) | Cape Town |
| Employees | c50 |
| Founder(s) | Bespoke request |
| CEO/MD | Eugene Booysen, CEO (CTSE) |
| Investors in Deal | Imvelo Ventures, Empowerment Capital Investment Partners, Lebashe Investment Group, Pallidus Alternative Investments, Shaolin Investments |
| Investor Amounts | Imvelo Ventures (n/d), Empowerment Capital Investment (n/d), Lebashe Investment Group (n/d), Pallidus Alternative Investments (n/d), Shaolin Investments (n/d) |
| Debt investors in Deal | Bespoke request |
| Individual Investors | Bespoke request |
| Other Investors | Bespoke request |
| Investing Fund(s) | Bespoke request |
| Related News Stories | 2010-2022 |
| Previous Investors | Bespoke request |
| Deal Class | Small-Cap |
| Deal Size | $5m |
| Deal Stage | Early stage |
| Deal Structure | Bespoke request |
| Year Founded | 2016 |
| Current Product Lines | Stock exchange platform for small- and medium-sized companies |
| Customer Profile | Corporate |
| Client Names | Bespoke request |
| People in Deal | Mark Fitzjohn, Director (Imvelo), Shirley Zinn, Director (Empowerment Capital), Warren Wheatley, Chief Investment Officer, (Lebashe), JD Symington, Executive Director (Pallidus) |
| Other people in deal | Eugene Booysen, CEO (CTSE) |
| Reasons for Investment | Bespoke request |
| Expansion Plans | Bespoke request |
| Advisors | Bespoke request |
| Bonds Issued | Bespoke request |
| Notes | Bespoke request |
Source: Deal Book Africa