About GlobalServe
GlobalServe is a Technology company based in Valhalla (United States) founded in 1996, and was acquired by Connection in May 2016. It operates as an IT asset lifecycle management and procurement services are offered globally. GlobalServe has raised $12.91 million across 7 funding rounds from investors including Connection, Compugen and CrossTechnology Venture Partners. The company was acqui-hired. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Procure to Pay. Its competitors include Coupa, Sage Group, Tipalti, Emburse and Airbase and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
GlobalServe Inc provides IT equipment supply chain services for procurement, deployment, and service solutions. Its OneSource Procurement Engine offers a single point of contact for purchasing, distributing, and managing global information technology investments for organizations.The company also provides software development services, which include search engine optimizationmarketing, application developments, Web development, mobile application development, games development, Web hosting, firmware development, E-commerce application development, Linux drivers development, simulation programs development, and satellite communication application development. It serves oil and gas, manufacturing, consumer products, quick service restaurant chains, and technology industries.
- Headquarters Valhalla, United States
- Stage Acquired
- SectorsTechnology
- Website global-serve.com
- Social LinkedIn X Facebook
- Acquired by Connection (May 2016)
- Total Equity Funding$12.91M (USD)
in 7 rounds
- Latest Funding Round$3.28M (USD), Series E
Jan 2013
- InvestorsConnection
& 4 more
- Acquired byConnection
(May 2016)
Funding Insights of GlobalServe
GlobalServe has successfully raised a total of $12.91M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $3.28 million completed in January 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $12.91M
- Total Rounds 7
- Last Round Series E — $3.28M
- First Round $1M
(Aug 2002)
- Investors Count 4
All 7 funding rounds of GlobalServe with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2013 | $3.28M | Series E | – | – | – |
| Oct 2008 | $1.2M | Series E | – | – | – |
| Dec 2007 | $6.42M | Series E | – | – | |
| Jul 2007 | $3M | Debt – Venture | – | – | |
| May 2003 | $500,000 | Debt – Conventional | – | – | – |
| Nov 2002 | $1M | Series A | – | – | – |
| Aug 2002 | $1M | Series A | – | – | – |
5 investors in total: 5 institutional.
Investors in GlobalServe
GlobalServe has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Connection, Compugen and CrossTechnology Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC Firm investing in geographies such as Japan, Europe and the US | – | crosstech-vp.com | Tokyo, Japan | |
Early-stage tech and life sciences focused VC investment company funding companies in the US | – | hudsonventures.com | New York, United States | |
Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America | – | mmvf.com | Toronto, Canada | |
IT solutions and services are provided across Canada. | 1981 | compugen.com | Prince Edward, Canada | |
Connection is recognized as a provider of IT solutions and hardware. | 1982 | connection.com | Merrimack, United States |
Investor details for GlobalServe
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Timeline of GlobalServe
4 dated milestones of GlobalServe across 20 years, from founding to its latest funding, stage changes and deals.
- Founded GlobalServe is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series E, of $3.3M.
- Exit Acquired by Connection.
Competitors of GlobalServe
GlobalServe has 10 listed competitors in our database, 9 of them funded. They include Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coupa.com | 2006 | San Mateo, United States | $169M | 643 | Cloud-based end-to-end spend management software is delivered for businesses. | |
| sage.com | 1981 | United States | – | 1,877 | Cloud-based accounting and payroll solutions for small and medium businesses | |
| tipalti.com | 2010 | Foster, United States | $553M | 360 | Cloud-based procurement and invoice management solutions are offered to businesses. | |
| emburse.com | 2002 | San Francisco, United States | $7.25M | 9 | Corporate cards and expense management are offered to businesses. | |
| airbase.com | 2017 | San Francisco, United States | $90.5M | 77 | Procure-to-pay management software is offered for business operations. | |
| bizongo.com | 2015 | Mumbai, India | $257.08M | 94 | Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions | |
| procurify.com | 2012 | Vancouver, Canada | $82.49M | – | SaaS spend management software is used to automate procure-to-pay operations. | |
| ivalua.com | 2000 | Redwood, United States | $134.45M | 236 | Procurement management solutions are delivered for business operations. | |
| corcentric.com | 1998 | Mclean, United States | $81.2M | – | Cloud-based procurement automation solutions are delivered to businesses worldwide. | |
| mineraltree.com | 2010 | Cambridge, United States | $123.38M | 26 | Cloud-based accounts payable automation is delivered for businesses. |
Detailed competitors of GlobalServe
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Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as GlobalServe (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, Ile de France, France | USD 717.15 M | USD 171.7 M | 2,457 | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | 8,159 |
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Related news about Globalserve
Complete news archive for GlobalServe
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Frequently Asked Questions about GlobalServe
GlobalServe was founded in 1996 and raised its 1st funding round 6 years after it was founded.
GlobalServe is headquartered in Valhalla, United States. It is registered at Valhalla, New York, United States.
GlobalServe is a funded company, having raised a total of $12.91M across 7 funding rounds to date. The company's 1st funding round was a Series A of $1M, raised on Aug 2002.
GlobalServe Inc provides IT equipment supply chain services for procurement, deployment, and service solutions. Its OneSource Procurement Engine offers a single point of contact for purchasing, distributing, and managing global information technology investments for organizations.The company also provides software development services, which include search engine optimizationmarketing, application developments, Web development, mobile application development, games development, Web hosting, firmware development, E-commerce application development, Linux drivers development, simulation programs development, and satellite communication application development. It serves oil and gas, manufacturing, consumer products, quick service restaurant chains, and technology industries.
GlobalServe's top competitors include Coupa, Sage Group and Airbase.
GlobalServe has 5 investors. Key investors include Connection, Compugen, CrossTechnology Venture Partners, Hudson Ventures, and MMV Financial.
Yes. GlobalServe was acquired by Connection in May 2016.