TextMaster closes a rare funding of €1M for Asian expansion

TextMasterTextMaster, a Brussels-based French startup that runs a crowdsourced platform for written materials, has raised €1 million from its existing investors that include Alven Capital, Fabrice Grinda, eFounders, Geoffroy Bragadir. It also added Cédric Siré, a Webedia co-founder,to its board. The company will spend the money for expansion in Europe and Asia, co-founder Thibault Lougnon told to Frenchweb.

This is the second, and equally small sized, funding that TextMaster has secured since late 2012 when it secured €1.6 million from the same group of VCs and angels. Since then, its client base has expanded to over 5,000 customers including Zagat, Webedia, Quicksilver etc..

A crowdsourced platform for content translation, writing and proofreading services by professionals, TextMaster is managing today a community comprised of thousands of writers, translators and proofreaders from across 50 countries as of today.

The company also provides an API that allows app developers add content processing tasks to their own products. The counter on the main page of TextMaster says almost 50 million words were written so far by the contributors of the platform.

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