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Helion Venture Partners leads Series A for Indian software developer LinguaNext

15 Jan 2014

India-focused VC firm Helion Venture Partners has led a Series A investment round for LinguaNext, a provider of language localisation software.

The company said the capital will go towards international growth, product rollout and the expansion of its management team.

Helion partner Alok Goyal, who will join LinguaNext’s board as part of the deal, said, “Increasingly, technology has to cater to local language needs, even as the majority of the world’s business takes place in English. But language translation is an imposing, manual job that takes a long time. Linguanext has taken this problem by its horns with a product approach. This has made translation of software scalable and accurate.

“The product, Linguify, has tremendous potential globally as localisation becomes an imperative across organisations – whether they are global software product companies, system integrators or large corporations using IT.”

Helion raised $255m for its third fund back in 2012. The firm’s previous funds closed with commitments of $140m and $210m in 2006 and 2008 respectively.

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