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Glow Services Corp. Secures $65 Million, Valuation Reaches $325 Million
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Heartspace News Desk
•Source: Bloomberg.com
Photo by Markus Winkler on Unsplash
TL;DR
Glow Services Corp. raised $65 million in funding led by Apollo Global Management Inc. with investments from Citigroup Inc. and Silver Spur Capital, increasing the company's valuation to $325 million. The financial technology firm will use the capital for strategic growth, including market expansion and product development.
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Key takeaways
- , a financial technology firm, has secured $65 million in a new equity funding round, boosting the company's valuation to $325 million
- Apollo Global Management Inc
- led the round with a $35 million investment
Glow Services Corp., a financial technology firm, has secured $65 million in a new equity funding round, boosting the company's valuation to $325 million. Apollo Global Management Inc. led the round with a $35 million investment. Citigroup Inc., a previous investor, contributed $15 million, and Silver Spur Capital, the investment firm of John Malone, invested $10 million. Glow Services Corp. plans to allocate the capital to strategic growth initiatives, including expanding into new markets and funding product development.
Related Topics
FintechFundingValuationPhone FinancingApollo Global Management
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