Localazy, a localization platform that aims to eliminate language barriers for 1 billion people worldwide, has successfully closed a new investment round where it has secured €1 million from three new backers. The Czech startup has added JIC Ventures, Garage Angels and 12 Bullets as their newest funding partners. The company’s valuation now ascends to €4.5 million after a first round led by Lighthouse Ventures (LHV), which remains in the investment pool.
“We are delighted to have received a significant boost from three highly regarded investors from the Czech Republic, including Jiří Hlavenka, renowned investor known for his great success with Kiwi.com. Together with the fantastic team and a network of great people helping us along our journey, we are sure their support will fuel Localazy’s advancement toward becoming the best localization platform on the market”, says Localazy’s CEO, Vacláv Hodek, about the news.
This is the second investment the company has received in recent years. The first, of similar size, was raised by Localazy from Lighthouse Ventures (LHV) in 2020. In total, the company has raised nearly €1 million for the development of the product so far, which has already achieved profitability and serves users from 113 countries worldwide, including big mobility, health and software brands.
“Localazy is on a sound footing, and they are already profitable. Our investment will help them accelerate their growth”, stated JIC Ventures’ spokesman Radim Kocourek. Garage Angel’s Jiří Nepala agreed, highlighting Localazy as “a successful product with excellent credentials and business growth”.
As Hodek put it, the investment will enable the startup to “allocate the necessary resources to continuously upgrade our innovative localization process, access new markets, and accelerate our global expansion plans”.
Thanks to the partners’ support, Localazy also intends to further improve customer success, increase the number of software integrations available and reinforce its marketing and developing team. “After COVID-19 and venture capital meltdown, we are proud to have found our partners in Czechia and built stronger connections with local businesses, especially helping local companies succeed globally”, adds the CEO.
Founded in the Czechia in 2020. Localazy provides easy l10n and i18n solutions for businesses of all sizes and global communities, including machine translation, multilingual marketing tools and quality assurance services. The company started serving customers three years ago, featuring automation and a clear design to streamline multilingual processes. It currently operates in North and South America, Africa and Asia in addition to Europe, and relies on an expert international team with professionals from Czechia, Estonia and Poland.
Some of the brands using Localazy include ROUVY and Scaleway. Also non -profit and social enterprise platforms all over the world like Plastic Bank, Donar Online or CARE also use Localazy to boost their positive impact internationally. Localazy’s current goal is to improve the quality of life of millions of users worldwide by removing language barriers for 1B people around the globe. Their localization software has nearly impacted 500 million people globally.