Riga-based translation startup Lokalise raises €5 million to hire top talent, and goes fully remote
Summary
Previously bootstrapped, the team decided to raise external capital to hire top SaaS talent globally in order to accelerate its growth, as the company goes fully-remote. The round is led by one of Europe’s most experienced VCs, Mike Chalfen, with participation from capital300 and a number of high-profile angel investors, including Andrey Khusid (Founder and CEO of Miro) and his angel fund S16, Nicolas Dessaigne (co-founder of Algolia), Des Traynor (co-founder and Chief Strategy Officer of Intercom), Matt Robinson(CEO of Nested), Rich Waldron, Ali Russell, and Dom Lewis (the founders of Tray), Carlos Gonzalez-Cadenas (COO of GoCardless), Eugene Katz (ex-CS lead of Atlassian), Stephane Kurgan (the former COO of King.com) and Charlie Songhurst. While most translation and localization processes are performed manually using cumbersome excel files, Lokalise pushes content directly to the software. At the same time, having consciously experimented with remote work from Q4 in 2019, the team switched to a fully-remote operation in March 2020, opening the opportunity to recruit talent anywhere in the world. Its beautifully designed collaborative tool and powerful integrations position it to disrupt the industry’s complex and archaic business processes.
Funding
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