# Lokalise

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lokalise

- Industry: Software
- Headquarters: Riga, Latvia
- Website: www.lokalise.com
- Total disclosed funding: $56M
- Latest round: Series B (Dec 14, 2021)
- Investors on record: 6

## About

Lokalise, Inc. offers a robust localization platform that aids businesses in translating and adapting software, mobile applications, and websites for international markets, enhancing user engagement and experience.Founded in 2016 in Riga, Latvia, Lokalise, Inc. specializes in localization services. The company recently closed a SERIES B funding round in December 2021, raising USD 50 mn led by CRV, along with contributions from various investors. The CEO is Sophie Krishnan, and the founder is Petr Antropov. They have executed two deals, with the most recent one occurring in December 2021.Lokalise is a comprehensive localization platform designed to facilitate the translation and localization of mobile applications, websites, software, and games. Its core offerings include an AI-driven translation service that supports over 30 languages, an in-context editor for real-time editing, and a robust API that allows seamless integration with various development tools and workflows, such as Figma, GitHub, and Jira. The platform focuses on automating and streamlining localization processes to reduce manual tasks and enhance collaboration among teams, thereby accelerating the pace of international growth and improving customer experiences. Lokalise serves a diverse client base that includes over 3,000 global companies across multiple sectors, including technology, healthcare, and gaming. The products are available in key international markets, including North America, Europe, and Asia-Pacific, aiming to meet the needs of businesses looking to expand their reach and engage users in local languages.In the most recent year 2023, Lokalise reported a revenue of USD 1,722.30 mn and an EBITDA of USD 722.42 mn. The company generates revenue through a subscription-based model that offers various pricing plans tailored to its clients, which include individual teams and larger enterprises. Clients typically enter into partnerships that allow them to access a suite of localization tools and services designed for efficiency and scalability.Following the SERIES B funding round in December 2021, where Lokalise raised USD 50 mn, the company plans to use these funds to fuel hiring, product development, and expansion of partnerships. They are targeting growth by launching new products aimed at enhancing their service offerings and expanding into additional geographic regions. Specific markets for expansion have not been disclosed, but the company continues to focus on strengthening its presence in existing key markets and tapping into new opportunities.

## Funding rounds

- Series B, Dec 14, 2021, $50M — CRV, Creandum, Dawn Capital, 3VC, Chalfen Ventures, s16VC
- Series A, Sep 6, 2020, $5.9M — 3VC, Chalfen Ventures, s16VC

## Investors

- 3VC (https://capitalatlas.ai/funds/3vc) — Series A, Series B
- Chalfen Ventures (https://capitalatlas.ai/funds/chalfen-ventures) — Series A, Series B
- s16VC (https://capitalatlas.ai/funds/s16vc) — Series A, Series B
- CRV (https://capitalatlas.ai/funds/crv) — Series B
- Creandum (https://capitalatlas.ai/funds/creandum) — Series B
- Dawn Capital (https://capitalatlas.ai/funds/dawn-capital) — Series B