Glopal Secures €20 Million in Funding Round to Boost Growth and Expansion Plans

Glopal Secures €20 Million in Funding Round to Boost Growth and Expansion Plans

Time Stamp: March 30, 2023 6:25 AM
Source Node: 2555295

Glopal, a leading cross-border e-commerce platform, has recently secured €20 million in a funding round led by European venture capital firm, Level Equity. The funding will be used to accelerate the company’s growth and expansion plans, particularly in the United States market.

Glopal was founded in 2015 with the aim of helping retailers expand their businesses globally by providing a simple and efficient cross-border e-commerce solution. The platform offers a range of services, including international shipping, local payment methods, and customs clearance. It also provides retailers with access to a global network of marketplaces and advertising channels, allowing them to reach new customers around the world.

The recent funding round brings Glopal’s total funding to €30 million and will enable the company to further develop its technology and expand its team. The company plans to use the funds to strengthen its presence in the United States, where it has already established partnerships with major marketplaces such as eBay and Walmart.

Glopal CEO, Andrea Verri, said: “We are excited to have Level Equity on board as we continue to grow and expand our business. This funding will allow us to invest in our technology and team, and accelerate our growth in the United States market.”

The cross-border e-commerce market is expected to grow rapidly in the coming years, driven by increasing demand from consumers for international products and the rise of online marketplaces. According to a report by eMarketer, global cross-border e-commerce sales are expected to reach $627 billion by 2022, up from $404 billion in 2018.

Glopal is well-positioned to capitalize on this growth, with its innovative platform and strong partnerships with leading marketplaces. The company has already helped thousands of retailers expand their businesses globally, and the new funding will enable it to reach even more customers around the world.

In conclusion, Glopal’s recent funding round is a significant milestone for the company and a testament to its success in the cross-border e-commerce market. With the new funds, Glopal is well-positioned to accelerate its growth and expand its reach, particularly in the United States market. As the demand for cross-border e-commerce continues to grow, Glopal is poised to become a major player in the global e-commerce landscape.