by Fiona Rotherham via www.nbr.co.nz
Auckland, New Zealand – Online translations company Straker Translations has raised $6 million to help fund its international expansion, including $4 million from David Kirk's Bailador Investments.
The capital is being used to fund Straker's global growth through its online and direct sales force, and possible acquisitions. Other new investors include $1 million from Kong Hong-based investor Scobie Ward, and $1 million from several high net worth New Zealand-based investors.
Company founder and chief executive Grant Straker said he had been looking for more than just money from investors and was excited to have Bailador Investments as a cornerstone investor with a 15% stake held in convertible preference shares because of its mix of experience, connections and understanding of companies at Straker's stage of growth.
Click here to read the full article.
Open source data platform firm Instaclustr has closed a $7m investment round led by Bailador Technology Investments, the firm founded by ex-Fairfax chief David Kirk.
Paul Smith in the Australian Financial Review interviews Grant Straker of Straker Translations about their recent acquisitions and plans for a 2017 ASX IPO.
Chris Keal of National Business Review New Zealand interviews Grant Straker about Straker Translations' recent acquisition of Dublin based Eurotext Translations