Companies · Crypto / Web3
Cape Town · Africa · Crypto / Web3
Diligence memoA one-page analyst read on OVEX — recommendation, valuation, rhythm, risks.→OVEX: limited disclosed financing to assess.
Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the crypto/web3 sector profile.
No named principal in this company's public records yet — see all operators below.
OVEX is one of 196 Crypto / Web3 companies tracked from Cape Town, Africa. By capital raised it ranks in the long tail (ahead of 38% of sector peers), and in the long tail by modeled valuation est..
Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.
Cape Town crypto exchange OVEX raises second funding round 0 By Tom Jackson on June 3, 2019 News , Southern Africa Cape Town-based cryptocurrency exchange OVEX has raised a second undisclosed amount of funding for the year, this time from Invictus Capital. OVEX allows South Africans to buy and sell over 18 digital assets, and has also rolled out a new type of interest account that offers users the chance to earn up to seven per cent interest on their crypto balances.
Cape Town crypto exchange OVEX raises second funding round 0 By Tom Jackson on June 3, 2019 News , Southern Africa Cape Town-based cryptocurrency exchange OVEX has raised a second undisclosed amount of funding for the year, this time from Invictus Capital. OVEX allows South Africans to buy and sell over 18 digital assets, and has also rolled out a new type of interest account that offers users the chance to earn up to seven per cent interest on their crypto balances.
As reported in public records reported — not modeled.
Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.
No round amounts on record to chart.
Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 17%.
Round size and date are reported; the stage label is inferred from round size (latest is Series D+ — a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the crypto/web3 sector profile. Directional, not a quoted figure.
Not enough modeled valuation points to chart a trajectory.
Benchmarked against 196 companies in Crypto / Web3. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.
Raised more than 38% of sector peers (real $). Modeled value above 38% of peers (estimate).
Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.
| Stage | Amount · real | Announced | Post-money · est | Value · est | Conf. |
|---|---|---|---|---|---|
| Series D+ | — | 2019-06-03 | — | — | 45% |
Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.
Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.
OVEX is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.
Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.
| Company | Sector | Stage | Raised · real | Value · est | Why similar |
|---|---|---|---|---|---|
| Applied Blockchain, Inc. | Crypto / Web3 | Series D+ | $210.6M | $1.6B | same sector · same stage |
| Blockdaemon Inc. | Crypto / Web3 | Series D+ | $412.4M | $666.2M | same sector · same stage |
| Bluefin Topco, Llc | Crypto / Web3 | Series D+ | $700.0M | $14.7B | same sector · same stage |
| Dapper Labs Inc. | Crypto / Web3 | Series D+ | $668.4M | $106.6M | same sector · same stage |
| Payward, Inc. | Crypto / Web3 | Series D+ | $703.3M | $1.8B | same sector · same stage |
| 360 Blockchain Inc. | Crypto / Web3 | Pre-Seed | $244K | $12.5M | same sector |
| Abstract Tokenization, Inc. | Crypto / Web3 | Pre-Seed | $500K | $25.6M | same sector |
| African Blockchain Lab | Crypto / Web3 | Series A | $6.0M | $101.7M | same sector |
Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.
| Firm | Round | Confidence |
|---|---|---|
| Invictus Capital | Series D+ | 55% |
| Newtown Partners | Series D+ | 55% |
See where OVEX sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.
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