TextMaster Raises €1.64M To Bring The Crowd To Translation, Copywriting & Proofreading

Funding Rounds

Summary

A year on from launch, TextMaster, the crowdsourced platform for content translation, copywriting, and proofreading, has raised its first funding round: €1.64 million from the French VC fund, Alven Capital, and business angels, including Fabrice Grinda (Founder of Aucland.fr and co-founder of OLX Inc.) and Geoffroy Bragadir (Founder of Empruntis). TextMaster offers a platform for content creators to crowdsource their copywriting, translation and proofreading needs via its community of ‘professionals’ who have each gone through a quality vetting process and are paid per word. TextMaster claims that 4,000 clients have used the service in its 12 months of operation, including AlloCiné, Cityrama, and Zagat, while its ‘crowd’ has grown to 35,000 copy editors, writers and translators who have processed “more than 12.5 million words.” Refreshingly, the startup has been international more or less from the get go. Back in July, TextMaster rolled out a public API so that app developers could build copywriting, translation and proofreading functionality into their wares. Some of TextMaster’s competitors include Scripted, Greatcontent, and Textbroker (copywriting), Wordy (proofreading), and Gengo (translation).

$ Funding

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Amount $2.0M Total raised
Date November 19, 2012 Announcement date
Investors Ozie Group LLC, Alven Capital Lead investors
Company http://www.textmaster.com Funded company

Classifications

industries
Entertainment
applications
Web and Content Management

AskAI Classifications

Labels
Translation Software SaaS Localization Technology

Linked Companies

TextMaster
$10M to $25M