Glopal, the UK-based cross-border e-commerce platform, has secured €20 million in a funding round led by London-based growth equity firm Level Equity. The funding will be used to support Glopal’s growth and expansion plans, including the development of new products and services, as well as the expansion of its team.
Glopal was founded in 2015 with the aim of helping retailers to expand their businesses internationally. The platform provides a range of services, including translation, currency conversion, and international shipping, to help retailers overcome the challenges of selling to customers in different countries.
The company has seen significant growth in recent years, with more than 1,000 retailers now using its platform to sell to customers in over 25 countries. Glopal’s clients include well-known brands such as Superdry, The Body Shop, and L’Oreal.
The funding round was led by Level Equity, a growth equity firm that specializes in investing in high-growth companies. Other investors in the round included FJ Labs, a New York-based venture capital firm, and existing investor Piton Capital.
In a statement, Glopal CEO Adrian Muresan said: “We are thrilled to have secured this funding round, which will allow us to accelerate our growth and continue to develop innovative solutions for our clients. We are grateful for the support of our investors and excited about the opportunities ahead.”
The funding will be used to support Glopal’s growth and expansion plans, which include the development of new products and services to help retailers sell more effectively across borders. The company also plans to expand its team, with a focus on hiring new talent in areas such as engineering, product development, and sales.
Glopal’s success is a reflection of the growing importance of cross-border e-commerce in the retail industry. With more and more consumers shopping online from different countries, retailers need to be able to offer a seamless and localized experience to customers in different markets.
Glopal’s platform provides retailers with the tools they need to do just that, helping them to overcome the challenges of selling internationally and reach new customers around the world. With the support of its investors, Glopal is well-positioned to continue its growth and expansion in the years ahead.
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