Straker Translations raises $6m with cornerstone from David Kirk’s Bailador

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.

More Portfolio News

Straker and localisation

Straker Translations has released some great work on how ‘Go local to go global’ sticks well with the world’s most profitable successful businesses.
Read more

Instaclustr Website Upgrade

Instaclustr released a new website with key messaging around our commitment to open source software.
Read more

Stackla for Good initiative helps non-profits access UGC

Stackla has launched a new programme to help nonprofits engage with supporters through user generated content.
Read more