OVEX

Businessfiled

OVEX operates in Crypto / Web3, 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.

Sub-sector tags: crypto/web3.

No verified homepage on file yet — operating evidence is limited to the public record.

Capital & rounds (filed)filed

OVEX has raised — in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).

Most recent recorded round closed around 2019-06-03.

Valuation (modeled)modeled

No modeled valuation — too little disclosed financing to estimate one.

Financing rhythm & timingmixed

Not enough dated financing history to read a financing rhythm.

Comparablesmixed

Capital scale ranks ahead of 38% of Crypto / Web3 peers (196 compared).

Modeled value ranks above 38% of those peers.

Risks & flagsmixed

No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.