Tallinn based Glocalzone OÜ increased its valuation to €2.15 M with the investment
10th, March 2020 - News
Estonian startup Glocalzone OÜ, the peer to peer delivery marketplace, today announces it has raised €150K in seed investment, led by Angel Effect firm. The funds will be used to testing new markets and build new partnerships in different regions.
Glocalzone app is a marketplace for travelers and shoppers who want to reach any product from overseas. You can reach any product from any country via Glocalzone Travelers. Also, you can earn money while you are traveling.
The “accessibility” and “monetization” problems that Glocalzone offers solutions were real problems that existed in all areas of history, in every region, all the time. Glocalzone established for the solved all that product accessibility problems.
This funding round was led by Angel Effect, with participation by Ali Can Kaya, Onur Gargılı, Koray Bahar and Ahmet Bilgen. It takes the total raised by Glocalzone to more than €300K.
Glocalzone CEO Dogan Turan commented: “Glocalzone works on a model that can produce high GMV at a very low cost. Within the first 8 months, we have dominated the market in Turkey. With this investment, we will test several countries. Our first target is India. Also, we will prepare for the Series A investment. Glocalzone can eliminate all obstacles to product access problems for everyone. We will continue to work hard for Borderless Shopping with our team.”
Website: Glocalzone OÜ
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