Textmaster is an Etterbeek, Belgium–based company operating a professional online marketplace for translation, proofreading and copywriting. The platform provides self-service, 24/7 access for SMEs while enabling key accounts to manage and industrialize translation projects. It serves over 5,000 clients across 80 countries. On 26 June 2015 the company raised over €4m in funding. The article does not specify the financing instrument; Textmaster said it will use the funds to speed up international expansion and invest in research and development. No revenue figures were disclosed in the article. TextMaster operates a crowdsourced platform that connects content creators with vetted professionals for translation, copywriting and proofreading. Providers on the platform are paid per-word and undergo a quality vetting process. The company claims over 5,000 customers, from SMEs to multinational corporations, across industries such as e-tourism, e-commerce, manufacturing, communication and mobile apps. It offers a public API and integrations for Microsoft Office, WordPress, PrestaShop and Transifex so developers can embed its services. TextMaster raised €1M in a second round, bringing total funding to €2.64M, and is headquartered in Brussels. The startup plans to use the new capital to expand internationally, specifically into Germany and Asia, and competes with firms including Scripted, Greatcontent, Textbroker, Wordy and Gengo. TextMaster operates a crowdsourced marketplace where vetted professionals are paid per word to provide translation, copywriting, and proofreading services. The platform has been live for about a year and is available in eight languages (French, English, German, Spanish, Italian, Portuguese, Dutch, and Chinese). TextMaster says 4,000 clients have used the service and its community has grown to 35,000 contributors who have processed more than 12.5 million words. The company rolled out a public API in July to allow app developers to integrate its services. TextMaster competes with services such as Scripted, Greatcontent, Textbroker, Wordy, and Gengo. With new capital, the startup plans to accelerate growth and expand internationally, including opening an office in New York.

Total raised

$8M

Funding rounds

3

Latest round

Equity

Latest activity

Jun 2015