What is Globant?
Globant is a prominent IT software development company specializing in digital and cognitive transformation for organizations. The company leverages its expertise to help businesses navigate complex technological landscapes and achieve innovative solutions. Its focus on transformation positions it as a key player in the evolving IT services sector, driving efficiency and competitive advantage for its clients.
How much funding has Globant raised?
Globant has raised a total of $94.8M across 4 funding rounds:
Series A
$7.8M
Private Equity
$13M
Private Equity
$15M
Stock Offering
$59M
Series A (2007): $7.8M with participation from Riverwood Capital
Private Equity (2008): $13M led by Riverwood Capital and FTV Capital
Private Equity (2012): $15M supported by Endeavors, FTV Capital, and Riverwood Capital
Stock Issuance/Offering (2014): $59M, investors not publicly disclosed
Key Investors in Globant
Riverwood Capital
Founded in 2007, Riverwood Capital is a private equity firm that invests in high-growth, middle-market companies primarily in global technology and technology-enabled industries where the use of software, information and digital technologies can contribute to value creation. They are headquartered in Menlo Park, California.
FTV Capital
FTV Capital is a growth equity firm that invests in leading companies in the software, financial services, and payments industries. They partner with founders and management teams to accelerate growth and build market-leading businesses.
Endeavors
Endeavors is a faith-based organization that provides social welfare services to the community, cultivating inclusion and respecting diverse beliefs while seeking to expand services.
What's next for Globant?
The substantial enterprise-level funding and recent strategic investment indicate Globant's trajectory towards scaling its operations and expanding its service offerings. This capital infusion is likely to fuel further innovation in digital and cognitive transformation, potentially leading to new market entries or enhanced service capabilities. The company's strategic financial backing suggests a strong outlook for continued growth and market leadership in the IT software development space.
See full Globant company page
