VerbalizeIt Inc.
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
VerbalizeIt Inc. - overview
Established
2011
Location
New York, NY, US
Primary Industry
Internet
About
VerbalizeIt Inc. is a language services company specializing in human-powered translation solutions, enabling businesses to communicate effectively across diverse global markets. VerbalizeIt Inc. is a language services provider focused on facilitating efficient communication between businesses and their customers through high-quality translation.
The company was founded in 2011 and is headquartered in New York, US. In 2016, VerbalizeIt was acquired by Smartling, a company known for its translation orchestration platform. The founder's history is not explicitly documented, but the company has engaged in five total funding deals, with the latest being a Seed round in May 2016, which raised USD 0. 83 mn from investors including FG Angels and Marc Bell Capital.
VerbalizeIt offers a range of translation services, leveraging human expertise to ensure accurate and culturally appropriate translations for businesses entering global markets. Their services include on-demand translations, localization for various industries, and flexible pricing plans to accommodate different client needs. This focus allows clients to maintain consistency in branding and messaging across multiple languages. VerbalizeIt generates revenue through a tiered pricing model for its translation services.
Specific pricing starts with USD 0. 01 for basic translations, scaling up depending on the complexity and immediacy of the service, with options for subscription-based plans that enable businesses to manage their translation costs effectively. The company's model primarily targets B2B clients in sectors that require precise and reliable translations. Looking ahead, VerbalizeIt plans to enhance its service offerings by developing new products aimed at improving translation efficiency and expanding its presence in international markets, particularly in Europe and Asia by 2025.
The recent Seed funding of USD 0. 83 mn will be utilized to support product development initiatives and to strengthen marketing efforts targeting these new geographic regions. Additionally, the funding will facilitate the integration of advanced technologies into their existing platform to further streamline translation processes.
Current Investors
Smartling, Inc., Techstars
Primary Industry
Internet
Sub Industries
Education & Training Website, Social Networking & Communication Platform
Website
www.verbalizeit.com
Verticals
Mobile Apps
Company Stage
Add-on
Total Amount Raised
Subscriber access only

Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.