2,942 crowdsourcing and crowdfunding sites
The French group Alven Capital, as well as Geoffroy Bragadir, Frabrice Grinda, Jose Marin, and Alec Oxenford, financed the round, which comes a year after the Brussels-based company’s founding.
TextMaster gives its clients access to a global workforce of 32,500 editors, authors, translators, and copywriters. The company vets its workers and places them in different skill levels to ensure more qualified individuals are put on tougher jobs.
Workers, who are paid per word, operate in eight of languages: English, Chinese, French, Spanish, German, Portuguese, Dutch, and Italian. TextMaster says around 4000 clients have signed up to use its services in the year it’s been operating.
In a blog post announcing the news, the TextMaster team said the new investors’ money “will enable us to develop new projects, reach new markets, and even open an office in New York!”
This is the latest in a series of financing rounds for crowdsourced labor platforms. We recently covered, for example, Gigwalk’s $6 million and CrowdSource’s $12.5 million rounds. This is surely a positive development for the developing crowdsourced labor industry, and one that shows investors’ growing confidence in crowd-powered startups. With more cash in the coffers, let's see how cloud labor platforms choose to grow their businesses.