Borderfree
Global Ecommerce Platform for U.S. Retailers
Company Overview
Snapshot
Founded in December 1999, Borderfree operates with 11–50 employees. The company secured a total of $90.1M across 3 funding rounds from 7 investors. Borderfree was acquired by Global-e in June 2022, marking a significant exit for the global e-commerce platform.
Business overview
Borderfree provides a technology and services platform that enables U.S. retailers to expand their business globally, reaching customers in over 100 countries. Its core technology manages the entire international order lifecycle, encompassing multi-currency pricing, payment processing, landed-cost calculation, customs clearance, global logistics, and international fraud management. The company serves the e-commerce and retail sectors, facilitating international expansion for leading brands without requiring changes to their existing infrastructure or customer experience.
Strategic signal
In June 2022, Borderfree was acquired by Global-e for $100 million. This acquisition highlights the increasing consolidation and strategic value placed on comprehensive cross-border e-commerce solutions. For investors, this signals a strong market demand for platforms that simplify international trade for retailers and demonstrates a successful exit strategy within the e-commerce enablement sector.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent corporate milestone for Borderfree?
- In June 2022, Borderfree was acquired by Global-e for $100 million. This acquisition integrated Borderfree's global e-commerce platform into Global-e's offerings.
- When was Borderfree first acquired?
- Borderfree was acquired by Pitney Bowes in May 2015. This marked an earlier strategic integration for the company.
- What was the outcome of Borderfree's public listing?
- Borderfree was delisted from NASDAQ in June 2015, following its acquisition by Pitney Bowes.
- Which investors participated in Borderfree's July 2012 funding round?
- In July 2012, Borderfree received funding from investors including Delta Ventures. Viola Credit also participated as a follow-on investor in this round.
- When did Borderfree undertake its Initial Public Offering?
- Borderfree conducted its Initial Public Offering (IPO) on NASDAQ in March 2014, raising $80 million at a valuation of $487.63 million.