Translation Platform Gengo Raises $12M Funding Round Led By Intel Capital
Gengo, an increasingly popular online translation service that uses a network of more than 7,500 pre-screened and rated translators to provide high-quality translations in 33 languages, announced that it has raised a $12 million funding round. The round was led by Intel Capital, with participation from returning investors, including Atomico, Iris Capital, Infocomm, NTT-IP and Saudi Telecom Ventures. The service previously raised a total of $6.8 million, including a $5.25 million series A round led by Atomico and Dave McClure’s 500 Startups. McClure is also a Gengo board member. The fact that a number of telecom companies are part of this round, Gengo’s CEO and founder Robert Laing told me in an email earlier today, ”shows how telecoms companies ‘get’ the global opportunity of Gengo.” “The Gengo team is excited about working with investors from Asia, the USA, Europe, and the Middle East, led by Intel Capital, because of their global experience and track record helping entrepreneurs,” ...
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