Glopal, the leading cross-border e-commerce platform, has recently announced that it has secured €20 million in a funding round to support its business growth. The funding round was led by the growth equity firm Level Equity, with participation from existing investors such as Notion Capital and DN Capital.
Glopal was founded in 2015 with the aim of helping businesses expand their reach and sell their products internationally. The platform offers a range of services, including international shipping, currency conversion, and local payment methods. It also provides businesses with access to a network of international marketplaces, such as eBay and Amazon, allowing them to reach customers in over 30 countries.
The new funding will be used to further develop Glopal’s technology and expand its global reach. The company plans to invest in its platform’s capabilities, including its AI-powered translation technology, which helps businesses localize their product listings for different markets. Glopal also plans to expand its team and open new offices in key markets around the world.
Glopal’s CEO, William Johnson, said: “We are thrilled to have the support of Level Equity and our existing investors as we continue to grow our business. This funding will enable us to accelerate our growth and provide even better service to our customers.”
The cross-border e-commerce market is growing rapidly, with more and more businesses looking to expand their reach beyond their domestic markets. According to a report by eMarketer, global cross-border e-commerce sales are expected to reach $6.5 trillion by 2023. This presents a huge opportunity for companies like Glopal, which provide the infrastructure and support needed for businesses to succeed in international markets.
Glopal has already helped thousands of businesses expand their reach and increase their sales through its platform. With this new funding, the company is well-positioned to continue its growth and help even more businesses succeed in the global e-commerce market.
In conclusion, Glopal’s recent funding round is a testament to the company’s success in helping businesses expand their reach and sell their products internationally. With the support of Level Equity and its existing investors, Glopal is well-positioned to continue its growth and provide even better service to its customers. As the global e-commerce market continues to grow, companies like Glopal will play an increasingly important role in helping businesses succeed in international markets.
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- Source: Plato Data Intelligence: PlatoData