CEO: May Al-Karooni
Founders: May Al-Karooni
Last funding: $927k seed - April 2019
Lead investor: Kindred Capital
Total funding: $927k
Keywords: Circular economy, ESG data, Marketplace
Who is it for: corporates, charities, SMEs, individuals
HQ: UK, London
“Championing the circular economy”
Globechain is a reuse marketplace that connects corporates to charities, SMEs and people to redistribute unneeded items, generating ESG data. Sectors Globechain focuses on include banking, retail and the construction industry. In 2015 May Al-Karooni set up Globechain after seeing a demand for a new online circular economy within the waste management industry after her own bank employer expressed a need to reuse items in a more collaborative way.
Globechain has over 10,000 members working with some of the world’s largest brands as well as growing a large network of charities nationally and internationally. Last year 5,100,000 kilos were diverted from landfill items being re distributed within the UK, US, West Africa and Ukraine, providing savings of over £2,000,000 to charitable causes.