Glopal Raises €20M in Series A Funding
Summary
The round was led by Hi Inov – Dentressangle and Crédit Mutuel Innovation with participation from Seventure, Axeleo Capital, Motier Venture and Pierre Denis, who will also be joining the Glopal board. The company intends to use the funds to bolster growth and expansion efforts in Europe, UK and the United States, onboarding new strategic talent, and further invest in its technology. Led by CEO Patrick Smarzynski, Glopal provides retailers and global brands with a SaaS platform for growth in international sales through its proprietary AI-driven international marketing, ecommerce translation process automation, duty and tax and logistics modules. The company has already enabled more than $400M in cross-border transactions for customers across Europe and North America, including retail leaders such as Dior, Balmain, Loewe and Babolat.