Global Database, aggregator of information on private and public companies, aims to obtain funding of 1.4 million euros on the crowdfunding platform SeedBlink. The campaign kicked off today, August 26, with the round being supported by two private investors with IT experience.
The funding will be used to develop the solution, invest in marketing and hire sales specialists for the US and UK. The company will sell a package of up to 10% of the shares, valued at 17 million euros.
Information approximately more than 120 million companies, structured and aggregated from 195 countries
Global Database brings together information from more than 120 million businesses worldwide, providing structured and up-to-date data to sales, marketing and compliance specialists to identify business opportunities and avoid risks. The platform includes company contact details, financial reports, who are the end beneficiaries, credit risk information, daily alerts.
The software is primarily used by marketing and sales specialists to identify new customers, by due diligence departments to verify partners and suppliers, and as a tool for automating processes and solutions. Most of the information is aggregated from official sources, combined with public sources and partnerships with strategic data providers to provide a bird’s eye view of businesses around the world.
The platform offers public information to more than 350,000 users / month and has more than 100 active client companies.
Customers such as Amazon (AWS), Uber, WeWork and Orange
The company was founded in 2015 by Nicolae Buldumac, specialist with ten years of sales & marketing experience in Great Britain and Vitalie Aremescu, specialist with 13 years of IT experience in the Republic of Moldova. The two launched Global Database to create the world’s largest source of information on private and public companies so that specialists have the information they need to attract customers, minimize risk, analyze and make decisions.
The company has clients including American Express, Dupont, Vodafone, British Council, WWF, Salesforce, SAP, Edendred, 3M, Embassy of Canada, Embassy of Spain, Getty Images, Stanford University, Telepass, Italian Trade Agency and many more. others.
For this year, the management of the company estimates revenues at $ 1.2 million against $ 0.7 million last year. By 2020, Global Database has grown organically year on year, with no foreign investment. The project was funded exclusively by the founders.
Plans for sales offices in UK, US and Singapore
Plans for the development of the company over the next two years include the launch of new tools for the marketing and compliance departments, as well as the opening of sales offices in the UK, US and Singapore.
“By the end of the year, but also in 2022, we believe that there will be a significant increase in the demand for online data in the B2B field as companies start working and want more and more online information. On the other hand, due to the financial unpredictability caused by Covid-19, companies want more than ever to verify the activity of their partners. Over the next five years, we plan to become the world’s largest private and public business database to provide information on over 450 million businesses, ” noted Nicolas Buldumac, CEO and co-founder of Global Database. .
According to research firm Forrester Research, the estimated total addressable market value for sales, marketing and compliance solutions was estimated at $ 28 billion in 2019. The same publication also included Global Database in the “Data Providers” report. B2B marketing ”(as of Q2 2021) and the company was described as“a serious competitor with strong development potential ”.
“We are very pleased to draw the attention of the SeedBlink investor community to the Global Database investment opportunity. This is the first startup from the Republic of Moldova on our platform, supported by a strong team of visionaries. The business intelligence solution developed by Global Database democratizes access to massive amounts of data, enabling anyone to make data-driven decisions, optimize user acquisition and revenue with less effort. We will certainly hear a lot from them in the future ”, noted Carmen Sebe, CEO of SeedBlink