Skip to main content Skip to footer

Kape Technologies plc announces a significantly oversubscribed and upscaled $115 million fundraise

Kape Technologies plc is pleased to announce that it has successfully raised gross proceeds of US$115.5 million (£89 million) pursuant to the Placing and the Retail Offer. A total of 59,230,769 new ordinary shares of US$ 0.0001 each were subscribed for by investors, at an issue price of 150 pence per Placing Share.

The Board of Kape is pleased with the very strong response to the Fundraise from existing institutional shareholders, a number of new blue-chip institutional investors from the UK, USA, Israel and Asia and through PrimaryBid. The Fundraise was significantly oversubscribed, greatly exceeding the initial target raise of US$100 million.

The net proceeds of the Fundraise will be used as follows:

Ido Erlichman, Chief Executive Officer of Kape, commented:

“We are delighted with the strong support shown by both new and existing investors, which further endorses the significant opportunities that exist for Kape as we seek to accelerate our evolution within the digital privacy and cybersecurity market. This additional funding both strengthens our balance sheet and provides the Group with greater flexibility in executing on our M&A aspirations and investing in further organic growth initiatives.”

About Kape Technologies plc

Kape is a leading ‘privacy-first’ digital security software provider to consumers. Through its range of privacy and security products, Kape focusses on protecting consumers and their personal data as they go about their daily digital lives.

To date, Kape has 2.4 million paying subscribers, supported by a team of over 350 people across eight locations worldwide. Kape has a proven track record of revenue and EBITDA growth, underpinned by a strong business model which leverages their digital marketing expertise.

Ticker: KAPE
Market Cap: £241.72 million*
Website: Click here

*As at 29/10/2020

Contact us