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Partech backs Weglot

Weglot, a builder of a no-code website translation solution for the internet, has secured 45 million euros in funding.

Weglot, a builder of a no-code website translation solution for the internet, has secured 45 million euros in funding. The backer was Partech.

PRESS RELEASE

March 24th, 2022, Paris, France – Weglot, which builds a no-code website translation solution for the internet, is thrilled to announce a €45m growth investment from Partech, a global technology and digital-focused investment firm.

As a leading SaaS software that helps businesses turn their websites multilingual, Weglot will use the investment to further expand its market share as a global leader in website translation software.

Founded in 2016, Weglot has helped more than 60,000 B2B and B2C brands translate and display their websites into multiple languages, including Microsoft, Spotify, Steve Madden, and Volcom.

International business growth and an accelerated shift to online has pushed forward the demand for brands requiring a multilingual website.

This investment will allow Weglot to further scale the development of its solution, do new hirings and accelerate its expansion, helping to build on its mission of helping anyone to translate their website effortlessly.

“We are thrilled to welcome our new investor on board and excited to build on the growth we’ve built up over the last 6 years. Partech is an excellent partner to help us accelerate our expansion and allow us to scale the business. This significant milestone will allow us to become the category leader for web translation.”

Augustin Prot, CEO of Weglot
“We are very excited to partner with Augustin, Rémy, and the whole Weglot team. We have been tremendously impressed with their commitment to product quality, and the customer-centric culture they have built over the last 6 years. With this latest round, Weglot is ideally positioned to capture the large opportunity ahead and become the undisputable category leader in no-code web-app localization.”

Bruno Crémel, General Partner at Partech Growth
This growth investment is the first time Weglot has taken outside capital after a Seed round in 2017 from SIDE Capital.

Almost exactly 5 years later and having reached €10m ARR at the end of 2021, this new round of investment marks the next milestone in Weglot’s journey to becoming the leading website translation solution.