When was Ovex founded?

Ovex was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is Ovex located?

Ovex is headquartered in Johannesburg, South Africa.

Who is the current CEO of Ovex?

Jonathan Ovadia and Sonali Ravikiran s of Ovex. Jonathan Ovadia has also founded 1 company.

How many employees does Ovex have?

As of May 31, 2026, the latest employee count at Ovex is 47.

Is Ovex a funded company?

Ovex is a funded company, having raised a total of $4M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 03, 2019.

When was the latest funding round of Ovex?

Ovex's latest funding was a $***** Series A round on Apr 02, 2021, with participation from 1 investor.

Where does Ovex rank among its competitors?

Ovex ranks 7th amongst 41 active competitors, of which 10 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Crossover Markets, which secured $31M in Mar, 2026.

Who are the top competitors of Ovex?

Ovex's top competitors include Paradigm, Elwood and Crossover Markets. Among them, Crossover Markets secured the most recent funding round in March, 2026.

Ovex - 2026 Company Profile, Team, Funding & Competitors

Company Details

Institutional-grade custodian and cryptocurrency exchange platform. It offers a platform that enables users to buy, sell, exchange, and trade multiple cryptocurrencies. It offers services such as an OTC trading desk, deep liquidity for cryptocurrency markets, and more. It enables both institutional clients and everyday traders to trade cryptocurrencies.

Website: ovex.com/en
Social

Key Metrics

Founded Year

2017

Location

Johannesburg, South Africa

Stage

Series A

Total Funding

$4M in 2 rounds

Latest Funding Round

Series A, Apr 02, 2021, $*****

Investors

Newtownpartners & 1 more

Ranked

7^th among 41 active competitors

Employee Count

47 as on May 31, 2026

Similar Companies

Paradigm & 43 more

View Ovex's full profile

Ovex has raised a total funding of $4M over 2 rounds. Its first funding round was on Apr 03, 2019. Its latest funding round was a Series A round on Apr 02, 2021 for $*****. 1 investor participated in its latest round. Ovex has 2 institutional investors.

Here is the list of recent funding rounds of Ovex:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 02, 2021	7630540	Series A	8201627	4535450	2047857	5112162
Apr 03, 2019	2972312	Seed	5148318	3599800	Newtownpartners	3467099

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View details of Ovex's funding rounds and investors

The founders of Ovex is Jonathan Ovadia. Jonathan Ovadia and Sonali Ravikiran are the CEOs of Ovex.

Here are the details of Ovex's key team members:

Jonathan Ovadia: Founder & CEO of Ovex.
Contact Info: 1 email address
Sonali Ravikiran: CEO of Ovex.
Contact Info: 1 email address

View details of Ovex's Founder profiles and Board Members

Ovex's employee count trend

Ovex has 47 employees as of May 26. Here is Ovex's employee count trend over the years:

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Top competitors of Ovex include Paradigm, Elwood and Crossover Markets. Here is the list of Top 10 competitors of Ovex, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Paradigm 2010, New York City (United States), Series A	Online platform for automated trading in cryptocurrencies	$39.5M	Jump Capital, Almeda Ventures & 26 others	63/100
2nd	Elwood 2018, London (United Kingdom), Series A	Online digital asset platform for institutions	$70M	Dawn Capital, Goldman Sachs & 9 others	58/100
3rd	Crossover Markets 2022, New York City (United States), Series B	Online platform that is a developer of digital asset exchange	$49.4M	Illuminate Financial, DRW Trading Group & 15 others	56/100
4th	SFOX 2014, San Francisco (United States), Series A	Institutional crypto platform providing liquidity, security, and infrastructure for digital assets	$22.8M	Social Capital, Tribe Capital & 17 others	56/100
5th	WOO 2019, Taipei (Taiwan), Series A	App-based liquidity and trading platform for cryptocurrency	$61M	Three Arrows Capital, Wintermute & 43 others	55/100
6th	Zodia Markets 2021, London (United Kingdom), Series A	Institution-first digital asset exchange and brokerage focused on institutional crypto trading	$18.3M	Pharsalus, Circle & 2 others	55/100
7th	Ovex 2017, Johannesburg (South Africa), Series A	Institutional-grade custodian and cryptocurrency exchange platform	$4M	Newtownpartners, Alameda Research	50/100
8th	Easy Crypto 2013, Auckland (New Zealand), Acquired	Cryptocurrency trading platform for business, trusts, and self-managed super funds	$28.8M	Nuance, Icehouse Ventures & 9 others	45/100
9th	SDM 2017, Toronto (Canada), Series A	Provider of digital asset liquidity and settlement solutions for institutions	$4M	Alpha Sigma Capital, Avalon Fund & 1 others	43/100
10th	QCP Capital 2017, Singapore (Singapore), Funding Raised	Online trading platform for crypto assets	-	-	43/100