United States & Greece — May 26, 2022 — Espresso Capital announced today that it has provided Transifex, the world’s leading continuous localization platform, with a junior credit facility. The company will use the financing to drive its continued growth.
“There’s a lot of momentum in our industry right now,” said Chris Reese, CEO of Transifex. “With Espresso’s facility, we’re able to make strategic investments in our product, sales, and marketing to help us better take advantage of growing demand in the market.”
Building on its long history as the leading innovator in the localization software space, Transifex will continue to invest in new features and technologies to meet the increasingly sophisticated needs of its customers. More specifically, the company will use the facility from Espresso to build more of the automations, workflows, and linguistic tools that enable its customers to continuously localize their content and connect with their customers around the world.
Transifex was acquired in April 2022 by PARC Partners, a search fund founded by Chris Reese and Tony Pilnik. While Reese sees an opportunity to build on the company’s strong legacy and grow the business dramatically over the next few years, he’s also committed to maintaining continuity and creating a seamless experience for Transifex’s existing customers and team.
“Transifex has a great business with impressive revenue growth and strong retention,” said Espresso Executive Director Steven Michau. “The company is also benefiting from strong market tailwinds, a supportive investor base, and an experienced board of directors. We think Chris and his team are in a very good position to scale the business.”
“We’ve found a real partner in Espresso,” said Reese. “They worked closely with us to understand the business and build a creative funding plan in partnership with Bridge Bank that will enable Transifex to reach the next level.”
Transifex’s existing investors include Pacific Lake Partners and Maven Equity Partners.
The Transifex SaaS platform enables companies of all sizes to reach their customers globally at scale with a local message. Its integrations and workflow automation let companies localize their software and digital content such as web and mobile apps, websites, games, video, help centers, subtitles, and more, enabling cost-effective language translation that doesn’t slow down the creation processes. Category leading companies like HubSpot, Quora, Strava and Klarna rely on Transifex to achieve a truly multilingual presence with ease.
About Espresso Capital
Espresso empowers companies with innovative venture debt solutions. Since 2009, we’ve helped more than 300 technology companies and their investors accelerate growth, extend runway, and increase strategic flexibility with non-dilutive capital. Learn more at espressocapital.com.