Globality Raises Over $27 Million in Series B Funding

Funding led by select group of private investors and family trusts committed to Globality’s mission to make globalization work

Menlo Park, California, UNITED STATES


MENLO PARK, Calif., April 07, 2016 (GLOBE NEWSWIRE) -- Globality (http://www.globality.com/), the stealth-mode startup and developer of a platform to facilitate cross-border trade, announced today that it has secured $27.25 million in Series B funding. The company will use this investment to continue to hire exceptional talent to build and bring to market its new and comprehensive platform, which uses artificial intelligence and human curation to enable small and midsize companies to participate in the global economy.

Globality’s Series B financing was led by individual investors and family trusts, including several who previously invested in the Company’s Series A financing.  In March 2015, Globality raised $10 million in a Series A round of funding from a group of 14 private investors, including former Vice President Al Gore; Ron Johnson, CEO of Enjoy and former Apple retail executive; John Joyce, Vice Chairman and CFO of Kony and former CFO of IBM; Michael Marks, Managing Partner of Riverwood Capital and former CEO of Flextronics; and Ken Goldman, CFO of Yahoo.

“Small and midsize companies have largely been on the sideline when it comes to global business opportunities.  Making globalization work requires a new and robust platform that eliminates frictions in global trade and creates ‘micro-multinationals’ able to compete globally,” said Joel Hyatt, chairman, CEO and co-founder of Globality.           

Globality recently added three new board members: Juliet de Baubigny, Senior Partner of Kleiner Perkins Caufield & Byers; Mark Hurd, CEO of Oracle Corporation; and Mark Vorsatz, Managing Director and CEO of Andersen Tax. They join existing board members Lior Delgo, co-founder and President of Globality; Ron Johnson, CEO of Enjoy; John R. Joyce, Vice Chairman and CFO of Kony; and Joel Hyatt, chairman, CEO and co-founder of Globality. Bob Gunderson, Managing Partner of Gunderson Dettmer, serves as counsel to the company and secretary to the board.

About Globality:

Globality was co-founded in March 2015 by Joel Hyatt and Lior Delgo with a mission to make globalization work. Globality enables small and midsize companies to participate in the global economy. The company is in stealth mode as it develops its platform. Globality is based in Menlo Park, California. www.globality.com  


        

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