# GlobalFair

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/globalfair

- Industry: Materials
- Headquarters: San Mateo, US
- Website: www.myglobalfair.com
- Total disclosed funding: $14M
- Latest round: Series A (Oct 20, 2022)
- Investors on record: 6

## About

GlobalFair Inc is a technology-driven supplier of building materials, facilitating procurement for construction projects with an extensive catalog of products designed for contractors and designers.Founded in 2020 in San Mateo, US, GlobalFair Inc specializes in providing a wide range of building materials. The company, co-founded by Ashish Chandra and currently led by CEO Shaily Garg, has engaged in three significant funding rounds. The latest round, a VENTURE DEBT round, raised USD 8.00 mn on October 20, 2022, contributing to a total amount raised of USD 12.00 mn.GlobalFair is a comprehensive supplier of building materials, specializing in quartz and natural stone surfaces, cabinets, vinyl flooring, porcelain and ceramic tiles, sinks and faucets, as well as doors and windows. These materials are tailored for construction contractors and firms involved in residential and commercial projects. The technology-enabled manufacturing and supply chain streamline the procurement process, allowing clients to browse products, order samples, and receive timely estimates. Their products are distributed across various states in the United States, targeting contractors and construction companies engaged in large-scale efforts.In 2022, GlobalFair generated revenue of USD 2,486,476 with an EBITDA of USD -500,516. The company follows a B2B model, focusing on partnerships with contractors and construction firms. Their platform enables clients to place orders directly, with competitive pricing designed to maximize value for large construction projects.GlobalFair plans to utilize the USD 12.00 mn raised in the recent funding round to enhance its manufacturing base in India and Vietnam, launch capital finance solutions, and develop a sustainable cross-border supply chain. The company is also exploring new product designs aimed at expanding its current offerings, with plans for market expansion in Southeast Asia by the end of 2023.

## Funding rounds

- Series A, Oct 20, 2022, $12M — Lightspeed Venture Partners, Saama Capital, India Quotient, Stride Ventures, AUM Ventures
- Seed, Feb 8, 2021, $2M — Saama Capital, India Quotient, First Cheque

## Investors

- Saama Capital (https://capitalatlas.ai/funds/saama-capital) — Seed, Series A
- India Quotient (https://capitalatlas.ai/funds/india-quotient) — Seed, Series A
- First Cheque (https://capitalatlas.ai/funds/first-cheque) — Seed
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Stride Ventures — Series A
- AUM Ventures (https://capitalatlas.ai/funds/aum-ventures) — Series A