Glopal, a leading cross-border e-commerce platform, has secured €20 million in funding through a successful funding round. The funding was led by a group of investors, including London-based private equity firm, Level Equity, and European venture capital firm, DN Capital. The funding will be used to accelerate the company’s growth and expansion plans.
Glopal was founded in 2015 with the aim of helping small and medium-sized businesses (SMBs) to sell their products globally. The platform provides a range of services, including international shipping, local payment options, and customs clearance. Glopal also offers translation services to help businesses reach customers in different countries.
The company has seen significant growth in recent years, with more than 1,000 businesses now using the platform to sell their products globally. Glopal’s success is due in part to the increasing demand for cross-border e-commerce, which is expected to reach $1 trillion by 2023.
The funding round will enable Glopal to expand its services and reach new markets. The company plans to use the funds to hire new staff, invest in technology, and expand its network of partners. Glopal also plans to launch new services, such as localized marketing and customer support.
Commenting on the funding round, Glopal CEO, Andrea Verri, said: “We are thrilled to have secured this funding, which will enable us to accelerate our growth and expand our services. We are committed to helping SMBs to sell their products globally and this funding will help us to achieve that goal.”
The funding round is a significant milestone for Glopal and demonstrates the growing interest in cross-border e-commerce. With the global e-commerce market continuing to grow, companies like Glopal are well-positioned to help businesses take advantage of this trend and reach new customers around the world.
In conclusion, Glopal’s successful funding round is a testament to the company’s growth and success in the cross-border e-commerce market. With €20 million in funding, Glopal is well-positioned to expand its services and reach new markets, helping SMBs to sell their products globally and take advantage of the growing e-commerce market.
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