How Much Did Lokalise Raise? Funding & Key Investors

Lokalise has successfully raised funding through three rounds, with the most recent being a Series B round led by CRV. The platform offers a comprehensive suite of localization and translation services, including AI orchestration, human translation, and automated workflows.

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, is a private company based in Dover, Delaware, United States. It operates in various industries including Cloud Infrastructure, Collaboration, Developer APIs, Information Services, Information Technology, SaaS, Software, and Translation Service. The company has an employee count between 101-250.

Specializing in localization and translation management, Lokalise offers a platform designed to streamline and automate the localization process for web and mobile apps, games, and digital content. The platform features AI translation, human translation, automated workflows, real-time collaboration, and advanced translator tools, supporting integration with tools like GitHub, Figma, and Jira.

How Much Funding Has Lokalise Raised?

1. Series B
   • Amount Raised: USD 50,000,000
   • Date: December 2021
   • Lead Investors: CRV
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate hiring, product development, and the construction of Lokalise's partnership ecosystem.
2. Series A
   • Amount Raised: USD 6,000,000
   • Date: September 2020
   • Lead Investors: Mike Chalfen
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To transition from being bootstrapped and to scale the business.
3. Seed
   • Date: September 2018
   • Investor Count: 1
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development and initial operations of the company.

Total Amount Raised: USD 56,000,000. Current Valuation: Not publicly disclosed.

Key Investors

• CRV
  • Details: CRV is a venture capital firm that invests in early-stage companies. Reid Christian, General Partner at CRV, joined Lokalise's board after leading the Series B funding round.
  • Investment Focus Areas: Technology, Consumer, Enterprise
  • Notable Investments: Twitter, DoorDash, Dropbox
• Mike Chalfen
  • Details: Mike Chalfen is an independent investor known for his strategic investments in tech startups. He led Lokalise's Series A funding round.
  • Investment Focus Areas: Technology, SaaS, Fintech
  • Notable Investments: Not publicly disclosed
• Creandum
  • Details: Creandum is a European venture capital firm that invests in early-stage technology companies. They participated in Lokalise's Series B funding round.
  • Investment Focus Areas: Technology, Innovative Business Models, Scalable Startups
  • Notable Investments: Spotify, Klarna, iZettle
• Dawn Capital
  • Details: Dawn Capital is a venture capital firm specializing in B2B software and fintech investments. They participated in Lokalise's Series B funding round.
  • Investment Focus Areas: B2B Software, Fintech, Enterprise Software
  • Notable Investments: Mimecast, iZettle, Collibra
• 3VC
  • Details: 3VC is a venture capital firm that invests in European technology startups. They are an existing investor in Lokalise.
  • Investment Focus Areas: Technology Startups, Innovative Solutions, High-Growth Potential
  • Notable Investments: Not publicly disclosed

What's Next for Lokalise?

With a fresh infusion of $50 million from its Series B funding, Lokalise is poised to seize significant opportunities. The company plans to accelerate hiring, enhance product development, and build a robust partnership ecosystem. These steps are crucial as the demand for localization and translation services continues to grow, driven by the increasing need for multilingual digital products and services.

Future fundraising opportunities seem promising, given the strong investor confidence and the company's rapid growth. Lokalise's CEO has hinted at aiming for a 10-figure valuation, suggesting potential for additional funding rounds. However, the path forward is not without challenges. The company must navigate competition from other localization platforms, maintain high-quality translations while scaling operations, and manage a fully remote workforce spread across 36 countries.

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