Globality just received major backup in its run to matchmake big and small companies in the form of a $35 million fund. This financing came primarily from THK Equities and Raine Ventures. Former U.S. vice president Al Gore also participated in the funding round along with John Joyce, John Danilovich, and Dennis Nally.
Globality is a startup that aims to become the marketplace for global business-to-business services, powered by an AI-enabled platform that uses machine learning to match SMEs with big transnational companies.
“Our latest funding round indicates strong investor confidence in Globality’s mission to drive the benefits of globalization deeper into the world’s economies by empowering outstanding small-and midsize service providers to partner with major multinational corporations,” said the company’s CEO Joel Hyatt in a statement published on BusinessWire.
The Menlo Park company also announced the opening of its London headquarters where a staff of 15 people will look to expand the company’s new consulting practice. This team will also create content and develop the network needed to develop marketing and legal services opportunities for the company.
Additionally, the startup appointed Yuval Atsmon as its new global head of consulting. Atsmon comes from a 15-year career with global consulting behemoth McKinsey where he work the last six years leading the company’s strategy practice for the Greater China region. He earned an MBA with distinction from Harvard Business School.
“We’re delighted to welcome Yuval Atsmon to our leadership team. His experience in advising international companies on growth strategies makes him an ideal candidate to head our global consulting vertical. His track-record in introducing and scaling innovative technologies and methodologies in the B2B marketplace will be invaluable as we continue to grow,” stated Joel Hyatt.
Globality has a service provider network that includes over 1000 highly qualified small and midsize enterprises located in more than 80 countries. The latest funding round boosts the original $72 million that was raised by the company since its founding two years ago.