Glopal secures €20 million in funding round for business growth and expansion.

Glopal secures €20 million in funding round for business growth and expansion.

Time Stamp: March 30, 2023 6:25 AM
Source Node: 2559123

Glopal, a leading cross-border e-commerce platform, has recently secured €20 million in a funding round to fuel its business growth and expansion plans. The funding round was led by the European Investment Bank (EIB) and supported by existing investors, including Unilever Ventures and Octopus Ventures.

Glopal was founded in 2015 with the aim of helping businesses expand their reach and sell their products globally. The platform provides a range of services, including translation, currency conversion, and international shipping, to make it easier for businesses to sell their products in different countries.

The new funding will enable Glopal to further develop its platform and expand its services to more businesses around the world. The company plans to use the funds to invest in technology and product development, as well as to hire more staff to support its growth.

According to Glopal CEO, Andrea Verri, the funding will help the company to “accelerate our mission of making cross-border e-commerce accessible to all businesses, regardless of their size or location.” He added that the company is “excited to continue building our platform and expanding our services to help more businesses succeed in the global marketplace.”

The funding round comes at a time when cross-border e-commerce is becoming increasingly important for businesses looking to grow and expand. With more consumers shopping online from different countries, businesses need to be able to offer their products in multiple languages and currencies, as well as provide reliable international shipping options.

Glopal’s platform addresses these challenges by providing a one-stop-shop for businesses looking to expand their reach. By offering a range of services that simplify the process of selling products globally, Glopal is helping businesses of all sizes to tap into new markets and grow their revenue streams.

Overall, the €20 million funding round is a significant milestone for Glopal and a testament to the company’s success in helping businesses navigate the complexities of cross-border e-commerce. With this new investment, Glopal is well-positioned to continue its growth trajectory and become a leading player in the global e-commerce market.