Globant Launches USD$10M Venture Fund

Globant (NYSE: GLOB), a San Francisco, CA-based digitally native company focused on innovating business through tech solutions, launched a $10m fund.

BeKindTech Fund is a new initiative from Globant Ventures, the company’s venture capital (VC) arm, which aims to tackle the negative societal effects created by the misuse or misapplication of technology.

Globant is opening a call for applications from tech startups globally who are seeking investment and support for their work focused on tackling the negative collateral effects caused by the misuse of technology.

Globant Ventures will evaluate each submission and pursue funding opportunities to startups via equity or convertible note formats, with investments between USD 100K to USD 1 million on a case-by-case basis.

Globant is a digitally native company with more than 20,000 employees and present in 18 countries working for companies like Google, Rockwell Automation, Electronic Arts, and Santander, among others.