On January 24, premier global employment, Globalization Partners announced that it raised $200 million in investment from Visa Credit Partners (VCP). VCP is a subsidiary of Visa Equity Partners. Following the investment, Globalization Partners is now valued at $4.2 billion.
Globalization Partners is a platform that specializes in enabling companies to build a remote workforce. The company has an annual recurring revenue of approximately $1 billion. It plans to use the investment to expand its market share and tap into the $176 billion remote employment market globally. Some of the company’s clients include names such as ADP TotalSource, CoinDesk, Kruze Consulting, TaylorMade, London & Partners, and many more.
"Globalization Partners is uniquely positioned to capitalize on the massive opportunity we see ahead of us. We pioneered this space and offer the most comprehensive and compliant solution available, combining best-in-class technology and AI, with a global team of HR, legal and customer service experts who understand the local customs, regulatory and legal requirements in each geography we serve."
- Nicole Sahin, Chief Executive Officer and Founder of Globalization Partners
"Globalization Partners' journey in transforming the remote work industry has been truly remarkable. As a customer of G-P, at both Vista and within our broader portfolios, we have witnessed firsthand their best-in-class legal compliance, the quality of the user experience, and the deep expertise and support they provide. VCP is proud to offer capital solutions to founders of innovative software companies. We look forward to partnering with Nicole and the entire G-P team as they look to further capitalize on the untapped global market and expand their platform to new customers in new markets."
- David Flannery, President of Vista Credit Partners
"Over the past decade, we have invested hundreds of millions of dollars in our business, building our global presence and technology platform to support the evolving and complex talent needs of growing companies. With Vista as our investment partner, we will be able to drive further growth and continue building innovative products to meet the increasing needs of our customers at scale."
- Bob Cahill, President of Globalization Partners