Latvia’s Lokalise raises $6m to offer automated localisation tech
Summary
Lokalise, a Riga-based localisation technology company that counts Revolut and Virgin Mobile among its customers, has raised $6m in its first funding round. This included Miro founder and CEO Andrey Khusid and his angel fund S16, and Intercom co-founder and chief strategy officer Des Traynor. Having met good VCs in both Europe and the US, we are happy that we picked Mike Chalfen as our partner to realise our vision.” The start-up has built a cloud-based platform to manage localisation, which is the process of adapting and translating content to local markets. Within the Lokalise team, the company began experimenting with remote working in the final quarter of 2019, before switching 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.”
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