Customer Translation Service Language I/O Raises $5M Series A
Summary
We spoke with co-founder and CEO Heather Morgan Shoemaker and co-founder and Chief Business Officer Kaarina Kvaavik about raising their Series A funding and solving a need that would be expensive to hire. As a profitable company in a large market, with two founders that have extensive business experience and domain knowledge, Shoemaker was surprised by all the pushback they received. It’s not like you have this idea and no revenue.” Language I/O, founded in 2015, was bootstrapped until raising funding became a priority in 2018 as competition in the space grew. In 2019, the company raised a $500,000 seed round led by Casper, Wyoming-based angel investment fund Breakthrough 307. Language I/O has strong relationships with CRM providers that pull them into conversations with potential customers, according to Kvaavik.
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