Lokalise

Short description: Software-localization tool

Lokalise

Type| Private
Industry| Translation and localization
Founded| 2017; 7 years ago (2017) in Riga, Latvia
Founders| Nick Ustinov and Petr Antropov
Headquarters|

Fully remote

Number of employees

| 250+ (2022)
Website| lokalise.com

Lokalise is a cloud-based localization and translation management system[1] for agile teams. The company was founded in Riga, Latvia, and is a distributed company; all employees are remote workers. It has over 300 employees from over 25 countries.[2]

## Contents

* 1 History
* 2 Product
* 3 References
* 4 External links

## History

Lokalise was founded in 2017 by Nick Ustinov and Petr Antropov.[3] In 2020, the company raised its first funds, reaching $6M in a series A round[4] after bootstrapping for the 3 years following its foundation.[5]

The founders decided to raise external capital to accelerate company growth. After raising one of the largest first-time investments for a Latvian-founded startup company,[6] Lokalise went fully remote.

Since 2020, Nick Ustinov has been a member of the Forbes Technology Council.[7]

In 2020, the company was named one of the top 100 European cloud companies valued under $1B by Accel.[8]

In 2021, Sifted included Lokalise in the list of VC's 21 European SaaS startups to boom in 2021. The list was compiled by Bill Leaver from Sifted after consulting with industry leaders such as Evgenia Plotnikova, Ben Blume, Itxaso del Palacio, Carlos Gonzalez-Cadenas, and Dhruv Jain.[9]

## Product

The software was designed primarily "for tech-driven teams managing iOS, Android apps, web, games, IoT or digital content, and software in general". It has been recognized for its "web-based collaborative editor, cross-platform projects and localization keys, automatic screenshot matching, numerous integration options, and plugins," as well as its time-saving features.[10] Typical users include developers, product, project, and localization managers, designers,[11] marketers, translators, and content managers.[12]

Lokalise is used by more than 2,000 customers from 80 countries.[13] Some notable customer names include Amazon, Gojek, Depositphotos,[14] Revolut,[15][16][17] Yelp, Virgin Mobile,[18] and Notion.[19]

## References

1. ↑ Roxanne (2021-09-29). "Top 10 Translation Management Systems To Lead Your Team". SandVox. https://sandvox.io/top-10-translation-management-systems-to-lead-your-team/.
2. ↑ FinSMEs (2020-09-07). "Lokalise Raises $6M in Series A Funding" (in en-US). https://www.finsmes.com/2020/09/lokalise-raises-6m-in-series-a-funding.html.
3. ↑ "Building An In-House Solution Vs. Buying Software: Pros And Cons To Consider". Forbes. 2021-07-29. https://www.forbes.com/sites/forbestechcouncil/2021/07/29/building-an-in-house-solution-vs-buying-software-pros-and-cons-to-consider/?sh=7d656f6d7dc5.
4. ↑ Faes, Florian (2020-09-08). "Localization SaaS Startup Lokalise Raises USD 6m in Series A". Slator. https://slator.com/ma-and-funding/localization-saas-startup-lokalise-raises-usd-6m-in-series-a/. Retrieved 2021-06-02.
5. ↑ Ustinov, Nick (2020-02-12). "Bootstrapping Isn't For Everybody, But Is It For You?". Forbes. https://www.forbes.com/sites/forbestechcouncil/2020/02/12/bootstrapping-isnt-for-everybody-but-is-it-for-you/. Retrieved 2021-06-03.
6. ↑ Tucker, Charlotte (2020-09-07). "Riga-based translation startup Lokalise raises €5 million to hire top talent, and goes fully remote". EU startups. https://www.eu-startups.com/2020/09/riga-based-translation-startup-lokalise-raises-e5-million-to-hire-top-talent-and-goes-fully-remote/. Retrieved 2021-06-02.
7. ↑ "Nick Ustinov — Forbes Councils". Forbes. https://profiles.forbes.com/members/tech/profile/Nick-Ustinov-CEO-CTO-Lokalise/46dd9ce3-541f-4a35-9e17-d28857596607. Retrieved 2021-06-02.
8. ↑ "Accel euroscape". Accel. https://assets-global.website-files.com/5f217a8e6bc2c82a9d803089/5f85759ad05e63de0bc1d421_z0lzz7xJquHoFERDrhIsOSPtN3l8gy4J--ZLi533uLuuTlLLcvYrDJfw0f464M9Q0ZCBEK-CN3Uv0E8RatnRswUYDoeIR5fSRlNh20Qu1o12EhOtC3q63uuL3qi6LLfn4Gu6l4FA.png. Retrieved 2021-06-02.
9. ↑ Leaver, Bill (2021-02-25). "21 European SaaS startups set to boom in 2021, predicted by VCs". Sifted. https://sifted.eu/articles/european-saas-startups-2021/. Retrieved 2021-06-07.
10. ↑ "Latvian startups to watch: 3D printed casts, crypto inheritances, and a tiny manned aircraft". The Next Web. 2018-02-01. https://thenextweb.com/news/latvian-startups-watch-3d-printed-casts-crypto-inheritances-tiny-manned-aircraft?+TheNextWeb+(The+Next+Web+All+Stories). Retrieved 2021-06-02.
11. ↑ Yu, Jack (2020-08-28). "Lokalise for Adobe XD: Create multilingual designs and streamline translation management". Adobe. https://blog.adobe.com/en/publish/2020/08/28/lokalise-xd-plugin-multilingual-design-translation-management.html#gs.1bn52b. Retrieved 2021-06-02.
12. ↑ Bodrov-Krukowski, Ilya (2021-05-10). "Integrating Storyblok with Lokalise". Storyblok. https://www.storyblok.com/tp/translate-with-lokalise. Retrieved 2021-06-03.
13. ↑ Community Team (2020-12-23). "Q&A with Lokalise: Optimizing your Localization Process with the Right Collaborative Platform". SourceForge. https://sourceforge.net/articles/qa-with-lokalise-optimizing-your-localization-process-with-the-right-collaborative-platform/. Retrieved 2021-06-02.
14. ↑ "Integration of Lokalise service into the largest photobank in the world: Depositphotos experience". Sudonull. 2017-09-07. https://sudonull.com/post/67249-Integration-of-Lokalise-service-into-the-largest-photobank-in-the-world-Depositphotos-experience-Lok. Retrieved 2021-06-02.
15. ↑ "Revolut Credits 186% User Growth to Localizing App to 31 New Markets". Yahoo. 2021-06-11. https://finance.yahoo.com/news/revolut-credits-186-user-growth-123000287.html. Retrieved 2021-06-29.
16. ↑ "10 латвийских стартапов, которыми можно гордиться" (in ru). Delfi.lv. 2019-08-14. https://rus.delfi.lv/biznes/bnews/10-latvijskih-startapov-kotorymi-mozhno-gorditsya-dazhe-esli-vy-o-nih-nichego-ne-slyshali.d?id=51350069&page=6. Retrieved 2021-06-02.
17. ↑ "Revolut Credits 186% User Growth to Localizing App to 31 New Markets". FintechF. 2021-06-08. https://www.fintechf.com/01-news/revolut-credits-186-user-growth-to-localizing-app-to-31-new-markets/. Retrieved 2021-06-08.
18. ↑ "Латвийский стартап Lokalise привлёк $6 млн" (in ru). BB.lv. 2020-09-08. https://bb.lv/statja/lifenews/2020/09/08/latviyskiy-startap-lokalise-privlyok-6-mln. Retrieved 2021-06-02.
19. ↑ Dillet, Romain (2020-09-07). "Lokalise raises $6 million to make it easier to localize your product". TechCrunch. https://techcrunch.com/2020/09/06/lokalise-raises-6-million-to-make-it-easier-to-localize-your-product/. Retrieved 2021-06-02.

## External links

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