# Translucent

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

- Industry: Software
- Headquarters: UK
- Total disclosed funding: $9.4M
- Latest round: Seed (Jan 27, 2023)
- Investors on record: 3

## About

Based in Hampshire, UK, and founded in 2022 by Michael Wood (CEO), Translucent Ltd. operates as a financial services company that provides accounting software for enterprises dealing with multi-entity finance teams. In August 2023, Translucent Ltd. raised GBP 5 million in seed funding co-led by Chalfen Ventures and LocalGlobe.

Translucent offers software solutions that operate, oversee, and provide accounting solutions that integrate with a firm's existing compliance solutions, centralize data storage, harmonize data, and offers the toolkit necessary for data-driven collaborations and also offers other services like group reporting, bookkeeping, auditing, and procurement. For multinational and multi-entity accounting, Translucent’s solutions consolidate financial data into a single location where it can be viewed, used, and edited.

The company intends to use the August 2023 funding to support further development of the product.

## Funding rounds

- Seed, Jan 27, 2023, $6.2M — LocalGlobe, Chalfen Ventures
- Seed, Jul 18, 2022, $3.2M — LocalGlobe, SLL InvestConsult GmbH

## Investors

- LocalGlobe (https://capitalatlas.ai/funds/localglobe) — Seed
- SLL InvestConsult GmbH — Seed
- Chalfen Ventures (https://capitalatlas.ai/funds/chalfen-ventures) — Seed