Localisation is a great way to establish oneself as a trusted entity, be it for a small company or a global business. Conglomerates such as Amazon and Google localise their service to better serve their consumers and increase their reach and similarly, there are companies that provide such services to others. The Latvian localisation software startup, Lokalise, is one such startup that has established itself in the field and has now raised a whopping €5.07M in Series A funding round.
Time to hire top talent
Lokalise was founded in 2017 in Riga, Latvia by tech entrepreneurs Petr Antropov and Nick Ustinov. After working as a bootstrapped company since its inception, the startup realised its potential to grow faster and hence secured €5.07M in Series A funding round. The amount raised is said to be the largest ever first-time investment for a Latvian-founded startup. External funding will now be used to hire top SaaS talents globally and to accelerate the company’s growth as it goes fully remote.