Global-e reportedly bags $20m in funding from Apax

E-commerce platform developer Global-e has reportedly bagged $20m in a funding round from Israel-based investors Apax Partners.

This investment brings the company’s total funding efforts to around $55m, according to a report by Calcalist Tech. Prior to this round, Global-e bagged a $20m investment led by Red Dot Capital Partners, alongside contributions from DHL.

Global-e develops end-to-end cross-border solutions to help businesses grow their international sales through e-commerce. Its technology enables clients to gain market insights to their customers to drive revenue and offer a simplified cross-border transaction system.

Offerings from the company include localised browsing and checkout, global logistics, marketing and insights, risk management and regulation compliance. A digital checkout service enables clients to accept a range of local and alternative payment methods, and tax and duty calculation.

This is Apax’s second deal in the FinTech sector this month, having recently acquired a majority stake in Finnish digital transformation business Solita. The company builds technology solutions to help clients across finance and retail with their digital transformation.

Earlier in the month, fellow e-commerce solution developer Sharetribe received its own funding. The company sailed past its initial crowdfunding goal, raising up to €539,160.

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