What is VerbalizeIt?
VerbalizeIt operates as a technology platform designed to propel businesses into international markets. It provides access to a vast network of 20,000 human translators, offering comprehensive solutions for website, mobile app, and document translation, as well as video subtitling. The company's integrated technology and translator community empower businesses to enhance global customer engagement across 150 languages and various communication mediums, positioning it as a key enabler of internationalization.
How much funding has VerbalizeIt raised?
VerbalizeIt has raised a total of $2.4M across 2 funding rounds:
Private Equity
$1.6M
Angel/Seed
$834K
Private Equity (2012): $1.6M, investors not publicly disclosed
Angel/Seed (2014): $834K led by Foundry Group
Key Investors in VerbalizeIt
Foundry Group
Foundry Group is a venture capital firm specializing in early-stage information technology, internet, and software startups. They provide capital and leverage their extensive experience and network to help entrepreneurs build successful companies.
What's next for VerbalizeIt?
With substantial enterprise-level funding and a recent strategic investment, VerbalizeIt is poised for accelerated growth and market penetration. The capital infusion is expected to fuel further development of its translation technology, expansion of its translator community, and enhancement of its service offerings. This strategic backing signals confidence in VerbalizeIt's model for driving business internationalization and its potential to capture a larger share of the global localization market.
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