Glopal, a leading cross-border e-commerce platform, has recently announced that it has secured €20 million in a funding round led by the growth equity firm Level Equity. The funding will be used to support the company’s growth and expansion plans, which include expanding its global reach and enhancing its technology platform.
Glopal was founded in 2015 with the aim of helping retailers expand their businesses globally by providing a seamless cross-border e-commerce solution. The platform enables retailers to sell their products to customers in over 25 countries, including the United States, Canada, Australia, and many European countries. Glopal’s technology platform handles all aspects of cross-border e-commerce, including currency conversion, international shipping, and customs clearance.
The recent funding round is a significant milestone for Glopal as it will enable the company to accelerate its growth plans and expand its reach even further. The company plans to use the funds to invest in its technology platform, hire additional staff, and expand its global footprint.
“We are thrilled to have secured this funding round, which will enable us to take our business to the next level,” said Mark Batty, CEO of Glopal. “We have seen significant growth in demand for our cross-border e-commerce solution, and this funding will enable us to continue to innovate and provide our customers with the best possible service.”
The cross-border e-commerce market is growing rapidly, with more and more retailers looking to expand their businesses globally. According to a report by eMarketer, global cross-border e-commerce sales are expected to reach $4.9 trillion by 2025. This presents a significant opportunity for companies like Glopal that provide a seamless cross-border e-commerce solution.
Glopal’s success is due in part to its focus on providing a simple and easy-to-use platform for retailers. The company’s technology platform is designed to be user-friendly, with a simple interface that enables retailers to manage their cross-border sales easily. This has helped to attract a wide range of retailers, from small businesses to large multinational corporations.
In conclusion, Glopal’s recent funding round is a significant milestone for the company and highlights the growing demand for cross-border e-commerce solutions. The funding will enable Glopal to continue to innovate and expand its global reach, helping retailers to expand their businesses and reach new customers around the world. As the cross-border e-commerce market continues to grow, companies like Glopal are well-positioned to capitalize on this trend and provide retailers with the tools they need to succeed in the global marketplace.
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- Source: Plato Data Intelligence: PlatoData