The funding will help Globalization Partners grow its employee headcount. Here are the top-line bullets you need to know.
Globalization Partners, an AI-driven employment platform, has raised $200M in an extended private equity round with participation from Vista Equity Partners.
HOW’S THE COMPANY PERFORMING?
- Massachusetts-based Globalization Partners enables businesses to hire talent across areas including finance, legal, and accounting to build remote teams.
- In 2021, the company’s new customer acquisition increased 2.5x from 2020, including 44% growth from Q3’21 to Q4’21.
- Its customers include TaylorMade, CoinDesk, and Chime.
- Globalization Partners’ revenue came in at $500M in FY 2020.
Source: Globalization Partners
WHY DOES THE MARKET MATTER?
- The global workforce management market is projected to reach a value of $9.4B by 2027, growing at a CAGR of 10.2%, according to Allied Market Research.
- The adoption of remote and hybrid workforces has soared during the pandemic. Additionally, the use of AI in recruitment and the broad digitization of business practices are driving the market’s growth.
