Companies · Crypto / Web3

OVEX

Cape Town · Africa · Crypto / Web3

Diligence memoA one-page analyst read on OVEX — recommendation, valuation, rhythm, risks.
Total raised · real
1
Rounds
Latest step-up
Top 63%
Sector rank · raised
Series D+
Latest stage · inferred · Mon Jun 03 2019 00:00:00 GMT+0000 (Coordinated Universal Time)

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.

Leadership

No named principal in this company's public records yet — see all operators below.

2 Investors
Where it sits in Crypto / Web3

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.

crypto/web3

As reported in public records reported — not modeled.

ZA
Jurisdiction
2
Investors (latest)
Amount raised vs valuation, by round

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.

Financing ladder & sequence gaps
Series D+ · 2019

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%.

Modeled valuation trajectory
Base estimate est.
Conservative case
Upside case
Modeled post-money

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.

Financing rhythm
Avg between rounds
Capital velocity
On record since
First round
0
Rounds on file
How it compares to the market

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.

Total raised — vs sector median (real $, all stages)
This company
Sector median$3.5M
Latest round — vs other Series D+ rounds in sector (real $, this stage)
This company
Sector median$160.0M
Modeled value — vs sector median (estimate, all stages)
This company
Sector median$53.0M

Raised more than 38% of sector peers (real $). Modeled value above 38% of peers (estimate).

Full financing history

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.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series D+2019-06-0345%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series D+2019-06-03
    • First recorded raise — entered as Series D+.
    • 2 investors on this round.
Intelligence
Modeled next raise
Modeled next size est.
Last step-up
Capital velocity

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.

Registry & provenance

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.

United States
Country of record
ZA
Jurisdiction
Similar companies

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.

CompanySectorStageRaised · realValue · estWhy similar
Applied Blockchain, Inc.Crypto / Web3Series D+$210.6M$1.6Bsame sector · same stage
Blockdaemon Inc.Crypto / Web3Series D+$412.4M$666.2Msame sector · same stage
Bluefin Topco, LlcCrypto / Web3Series D+$700.0M$14.7Bsame sector · same stage
Dapper Labs Inc.Crypto / Web3Series D+$668.4M$106.6Msame sector · same stage
Payward, Inc.Crypto / Web3Series D+$703.3M$1.8Bsame sector · same stage
360 Blockchain Inc.Crypto / Web3Pre-Seed$244K$12.5Msame sector
Abstract Tokenization, Inc.Crypto / Web3Pre-Seed$500K$25.6Msame sector
African Blockchain LabCrypto / Web3Series A$6.0M$101.7Msame sector
Investors

Public records name issuer insiders, not the funds in a round — these investor links come from corroborating sources.

FirmRoundConfidence
Invictus CapitalSeries D+55%
Newtown PartnersSeries D+55%
Frequently asked
What funding stage is OVEX at?
OVEX's latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon Jun 03.
What does OVEX do and where is it based?
OVEX operates in the Crypto / Web3 sector, based in Cape Town, Africa. 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.
Explore related

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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