GlobeIn Lands Multi-Million-Dollar Revenue-Based Financing Deal from Decathlon Partners to Fund Growth
SAN FRANCISCO, Aug. 4, 2020 /PRNewswire-PRWeb/ — GlobeIn, an online subscription service for ethically sourced artisan goods from around the world, has accepted a multi-million-dollar investment from Decathlon Capital Partners, a leading revenue-based financing firm.
The funding deal was struck to support the rapidly expanding subscription service’s growth initiatives, customer service efforts and new market development push. GlobeIn was launched in 2013 and sources products from over 10,000 artisans in more than 50 countries. The service’s monthly, customizable subscription box is an increasingly popular way for consumers to experience Fair Trade, artisan goods from around the world.
“GlobeIn opens up an entirely new world of artisan craft, global flavors and new experiences to consumers who want to support the highest caliber ethically sourced goods,” said Vladimir Ermakov, CEO and co-founder of GlobeIn. “Our mission to grow the company into a worldwide leader that supports artisan communities around the globe is taking another step forward with Decathlon Capital’s investment.”
GlobeIn’s rapid and consistent growth is a testament to the quality of the artisan crafts the company sources, and the care it puts into the customization of each subscription box.
“GlobeIn’s dedication to quality, customer service and customization has fueled the company’s growth,” said David Gorodyansky, GlobeIn’s co-founder and chairman. “Decathlon Capital’s support allows us to bring the GlobeIn experience to more customers at a time when in-person shopping is more constrained than ever, and unique subscription services like GlobeIn fill a growing need in the marketplace.”
“Decathlon Capital is constantly searching for growth companies with unique business models that position them for long-term expansion,” said John Borchers, managing director of Decathlon Capital Partners. “GlobeIn delivers that, along with a commitment to ethical business practices that align directly with today’s consumer in new and compelling ways.”
GlobeIn discovers extraordinary, useful finds from all over the globe and shares them with subscribers through unique, customizable boxes. The GlobeIn shop features products sourced from direct relationships with artisans as well as vetted partner organizations. From Mexican woven baskets to Ghanaian coasters, each handcrafted good is remarkably distinct. GlobeIn is dedicated to supporting artisans from around the world, reducing poverty by giving these artisans and their communities a global audience. Learn more at https://www.globein.com
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at https://www.decathloncapital.com.