VC-backed translation software business Smartling gets $25m Series D


speak_shout_170sqICONIQ Capital has led a $25m Series D financing round for venture capital-backed language translation software business Smartling.

Existing investors First Round Capital, Harmony Partners, IDG Ventures, Tenaya Capital, US Venture Partners and Venrock also took part in the round.

The company produces software which aims to reduce the time and effort companies spend translating, localising and delivering content for multicultural markets.

Venrock partner David Packman said, “Globalization is the most important trend in business today, and Smartling is the clear leader with a cloud platform that dramatically reduces the time and cost required for organizations to do business in any geography, in any language.

“Smartling is solving a huge business problem in an elegant way with an innovative SaaS solution – this is why the company has attracted such intense interest from the venture community.”

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