Aug 3, 2020

LocalizeDirect , a Helsingborg, Sweden-based software developer announced getting into a SEK 10M ($1.1M) investment agreement. The funding was backed by Entreprenörinvest , owned by The IKEA Family Foundation, and included financial contributions from a number of Swedish venture capital firms and private individuals, including Innovum Invest . Following the new investment, the company has a total of 18 shareholders, all private investors from Sweden. The main owners are the founders Christoffer Nilsson, Mattias Wennerholm and Michael Souto, who also manage the company, together with the original investor, Technoseed . In conjunction with the announcement, Jan Andersson , a founder and former CEO of ReadSoft (now Kofax), will join LocalizeDirect's Board of Directors. LocalizeDirect, founded in 2009 and led by CEO Christoffer Nilsson, provides game translation, LQA, and CMS services for the game development industry in over 65 language pairs. The company developed Gridly, a headless CMS SAAS for multilingual game projects, which has an open API, spreadsheet UI and features version control, branching, granular user access control and localization support. Gridly is currently in beta and will be released in September 2020. Nordic 9