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.
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