Alven et al. invest €1m in Textmaster

The VC – an existing investor in the company – was joined by Belgian incubator eFounders and investor Cédric Siré.

The fresh capital will allow Textmaster to pursue further international expansion, with a particular focus on Germany and Asia.

The company will also focus on securing a third round of funding, which it hopes to complete by the end of the year.

Previous funding
In November 2012, Textmaster secured €1.64m in a funding round led by Alven with participation from several business angels, namely OLX founder Fabrice Grinda, Fotolia founder Thibaud Elzière and Empruntis founder Geoffroy Bragadir.

Company
Founded in 2011, Textmaster is headquartered in Brussels with additional offices in Italy, France, Hong Kong and the US.

The company operates an online network of freelance writers and translators to provide professional translation, proofreading and web content writing services for companies. Its services are available in 15 languages – with 100 language pairs – relevant for more than 50 countries.

The company claims to have attracted around 5,000 customers, the majority of whom operate within the e-commerce, e-tourism, manufacturing, communication and mobile app industries. Customers include Google, Quiksilver and Groupon.

People
Thibault Lougnon is the CEO of Textmaster.

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• Topics
• Expansion
• Benelux
• Support services
• Belgium
• Alven Capital