Total amount raised
$56 Millions
Latest funding date
December, 2021
Location
Lokalise has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in automating and managing localization processes for agile teams.
Keep reading to explore the intricacies of Lokalise's fundraising journey and the investors backing this innovative platform.
What Is Lokalise?
Lokalise, founded in 2017 by Nick Ustinov and Petr Antropov, is a fully-remote startup specializing in translation management systems. The company offers a cloud-based software product that streamlines the translation and localization process for agile teams.
With a workforce of 101-250 employees, Lokalise serves over 2,000 customers from more than 80 countries. The platform provides tools for collaboration among developers, designers, translators, and project managers.
By automating and managing localization projects, Lokalise accelerates international growth and enhances customer experiences. The platform includes features like AI translation, automation rules, and integrations with various tools.
How Much Funding Has Lokalise Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: September 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to kickstart the company's operations and product development.
- Series A
- Amount Raised: $6M
- Date: September 2020
- Lead Investors: Mike Chalfen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and scaling efforts.
- Series B
- Amount Raised: $50M
- Date: December 2021
- Lead Investors: CRV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate hiring, product development, and build a partner ecosystem.
Total Amount Raised: $56M. Current Valuation: Not publicly disclosed.
Key Investors
- CRV (Charles River Ventures)
- Details: CRV is a venture capital firm that focuses on early-stage investments in technology companies. Reid Christian, General Partner at CRV, joined Lokalise's board as part of their investment.
- Investment Focus Areas: Early-stage technology companies, B2B software, fintech.
- Notable Investments: Twitter, DoorDash, Zendesk.
- Creandum
- Details: Creandum is a European venture capital firm known for investing in innovative technology companies. They participated in Lokalise's Series B funding round.
- Investment Focus Areas: Early-stage technology companies, fintech, consumer internet.
- Notable Investments: Spotify, Klarna, iZettle.
- Dawn Capital
- Details: Dawn Capital is a venture capital firm that invests in early-stage B2B software and fintech companies. They were part of Lokalise's Series B funding round.
- Investment Focus Areas: B2B software, fintech, enterprise software.
- Notable Investments: Mimecast, iZettle, Collibra.
- Chalfen Ventures
- Details: Chalfen Ventures is a venture capital firm focusing on early-stage technology investments. They are an existing investor in Lokalise and participated in the Series B round.
- Investment Focus Areas: Early-stage technology companies, SaaS, digital health.
- Notable Investments: Not specified.
- 3VC
- Details: 3VC is a venture capital firm that invests in early-stage technology companies in Europe. They are an existing investor in Lokalise and participated in the Series B round.
- Investment Focus Areas: Early-stage technology companies, SaaS, digital health.
- Notable Investments: Not specified.
What's Next for Lokalise?
With $50 million in Series B funding, Lokalise is poised to capitalize on the growing demand for localization services. The company plans to accelerate hiring, enhance product development, and build a robust partnership ecosystem. These steps will help Lokalise expand its customer base and improve its offerings, making digital products multilingual from the start.
Future fundraising opportunities seem promising, given the successful Series B round and the involvement of high-profile investors. However, Lokalise will need to navigate challenges such as competition from other platforms and maintaining service quality while scaling operations. Continuous innovation and strategic partnerships will be crucial for sustaining growth and staying ahead in the market.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Lokalise and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
