Localize Direct AB
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Localize Direct AB - overview
Established
2009
Location
Helsingborg, -, Sweden
Primary Industry
Software
About
Localize Direct AB offers specialized localization services for games and software, enhancing global reach by adapting content for diverse audiences through meticulous translation and quality assurance. Founded in 2009 and headquartered in Helsingborg, Sweden, Localize Direct AB focuses on game localization and software translation. Jesper Holmberg, the founder, has a background in localization services, contributing to the company's growth. In July 2020, they raised SEK 10.
3 million in funding led by Entreprenörinvest, with participation from Innovum Invest, totaling SEK 10. 3 million raised to date. The company has successfully completed 2 deals. Localize Direct specializes in game localization, software translation, and localization quality assurance (LQA) services.
Their offerings are tailored for gaming and software applications, ensuring products resonate with global audiences. The company adapts text, audio, and visual elements to accommodate cultural and linguistic nuances. They serve over 800 clients, including notable gaming brands like tinyBuild and Ludia, and have translated over 250 million words into more than 65 language pairs, catering to billions of users across North America, Europe, and Asia. In the most recent year, 2023, Localize Direct reported a revenue of SEK 3,122,435.
70, with an EBITDA of SEK 80,694. 40. Their revenue model is based on a pay-per-word pricing structure for localization services, typically starting at SEK 1. 20 per word, fostering long-term client relationships.
Localize Direct plans to enhance its service offerings by designing new localization tools and expanding its market presence beyond current geographical areas. They aim to enter additional markets in Asia by 2024. The recent funding of SEK 10. 3 million will support these initiatives, facilitating the development of new products and covering operational costs associated with entering these new regions.
Current Investors
Entreprenorinvest , Innovum Invest, Teknoseed
Primary Industry
Software
Sub Industries
Gaming
Website
www.localizedirect.com
Verticals
Big Data, Cloud Computing, Mobile Apps
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
Localize Direct AB - financials
| Fiscal Year Ended | Aug 31, 2011 | Aug 31, 2012 | Aug 31, 2013 | Aug 31, 2014 | Aug 31, 2015 | Aug 31, 2016 | Aug 31, 2017 | Aug 31, 2018 | Aug 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 672,518 | 2,228,606 | 3,763,997 | 3,512,011 | 5,486,891 | 8,027,866 | 10,987,893 | 15,932,097 | 22,453,461 | 41,356,103 | 34,193,838 | - | - | - |
| % Revenue Growth (YoY) | - | 231.4% | 68.9% | (6.7%) | 56.2% | 46.3% | 36.9% | 45.0% | 40.9% | - | - | - | - | - |
| EBITDA (USD) | (1,462,045) | (1,156,853) | (128,454) | 371,783 | (67,828) | (1,883,644) | (160,872) | 737,844 | 2,747,985 | 241,404 | (3,608,203) | - | - | - |
| Operating Income (USD) | (1,603,347) | (1,305,735) | (284,260) | 215,817 | (205,069) | (2,498,018) | (786,866) | 104,665 | 2,109,932 | (447,723) | (3,669,023) | - | - | - |
| Operating Margin | (238.4%) | (58.6%) | (7.6%) | 6.1% | (3.7%) | (31.1%) | (7.2%) | 0.7% | 9.4% | (1.1%) | (10.7%) | - | - | - |
| % EBITDA Margin | (217.4%) | (51.9%) | (3.4%) | 10.6% | (1.2%) | (23.5%) | (1.5%) | 4.6% | 12.2% | 0.6% | (10.6%) | - | - | - |
| NET Income (USD) | (1,615,353) | (1,372,487) | (379,602) | 104,567 | (288,270) | (2,639,289) | (920,840) | 30,594 | 2,066,764 | (469,891) | (3,668,076) | - | - | - |
| % Net Margin | (240.2%) | (61.6%) | (10.1%) | 3.0% | (5.3%) | (32.9%) | (8.4%) | 0.2% | 9.2% | (1.1%) | (10.7%) | - | - | - |
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