Global-e

Global-e raises €17.5 million to accelerate growth in Europe

by Ecommerce News. About Cross-border, Funding with tags . 2,285 views.

Global-e, an Israeli ecommerce startup that enables retailers to go cross-border, has secured a 20 million dollar (€17.5 million) investment led by Red Dot Capital Partners. The cross-border company wants to use this capital to support and accelerate its growth and expansion in Europe.

Global-e got the money from Red Dot Capital Partners, which is a growth stage capital fund funded by Temasek Holdings, an investment company that’s owned by the Singapore government. The capital fund aims to invest in Israel related high-tech growth companies and now Global-e is one of them.

The capital will be used to accelerate the company’s growth across Europe, in particular in the United Kingdom, France and Spain. Global-e also wants to expand its head office, R&D centers, sales offices and operational centers across Europe. “There is an increasing opportunity for retailers of all sizes to take advantage of the potential growth that cross-border ecommerce can provide”, says CEO and co-founder Amir Schlachet. “With emerging markets competing with Europe and the US, there couldn’t be a better time to start doing business in new overseas markets. With this investment we plan to grow our cross-border e-commerce services further.”

About Global-e

Global-e was founded in 2013 and claims to be the leading European provider of cross-border solutions for ecommerce retailers. The company has its headquarters in London and enables retailers to provide a localized ecommerce offering in more than 200 countries worldwide.  The company expects to grow by 500 percent by the end of this year and attends many ecommerce events in Europe.

Tags

Share

Continue reading

Comments