{"id":5765,"date":"2021-07-28T08:00:00","date_gmt":"2021-07-27T23:00:00","guid":{"rendered":"https:\/\/wovn.io\/ja\/blog\/?p=5765"},"modified":"2021-08-02T15:51:07","modified_gmt":"2021-08-02T06:51:07","slug":"pressrelease_finance2021_en","status":"publish","type":"post","link":"https:\/\/wovn.io\/ja\/blog\/pressrelease_finance2021_en\/","title":{"rendered":"WOVN raises funds from domestic and overseas investors, with an accumulated total of 5.4 billion yen"},"content":{"rendered":"

Wovn Technologies, Inc. (headquartered in Minato-ku, Tokyo; Takaharu Hayashi, CEO; hereinafter referred to as WOVN), the provider of the WOVN.io, website localization solution, is pleased to announced that it has raised approximately 3.6 billion yen through third-party allocation of new shares to Tybourne Capital Management, MPower Partners Fund L.P., Eight Roads Ventures Japan, Incubate Fund KK, Toppan Inc., SMBC Venture Capital Co., Ltd., and a U.S. long-only-type institutional investor (independent asset management company) (name not disclosed). This latest round of funding brings the total amount raised since the company’s inception to approximately 5.4 billion yen. This funding is mainly from crossover foreign institutional investors that invest in both unlisted and listed companies, an ESG investor and others.<\/span><\/p>\n

These funds will be used to enhance the training and recruitment of employees in order to provide clients in unpredictable markets with high value-added website localization solutions, and to strengthen marketing and sales promotion activities such as the “GLOBALIZED” event hosted by WOVN. The funds will also be invested into the development of new businesses and services to allow expansion into new business domains besides just website and app localization. The potential for growth in the localization market is very high, and WOVN will work to increase its market share and further enhance its services and features to set the bar for the best localization practices for both domestic and overseas enterprises.<\/span><\/p>\n

\u25a0Comments from Takaharu Hayashi, WOVN CEO
<\/b><\/span>Our mission is to “create a world where all people can access all data in their native language” and our goal is to create new infrastructure on the internet that will allow that. To achieve this, we must invest in technology and market development. I am very excited to see more ambitious members join forces with us.<\/span><\/p>\n

\u25a0WOVN features and its surrounding business environment
<\/b>WOVN’s mission is to “create a world where all people can access all data in their native language,” and the company’s main products are WOVN.io and WOVN.app, localization solutions for websites and apps.<\/span><\/span><\/p>\n

As the globalization and digitalization of corporate activities progresses, creating a multilingual environment for websites and apps for communicating with customers and employees is now of paramount importance. This includes global websites with effective brand governance, promotional websites that deliver the same information as in Japanese to fans abroad, dynamically updated cross-border EC sites, and intranet systems that disseminate information from Japan to employees working overseas. The improvement of multilingual experiences for overseas customers, foreign residents, and foreign employees, as well as the effective management and operation of these sites, will be vital for the long-term improvement of corporate brand value and sales.<\/span><\/p>\n

WOVN can be retrofitted to existing websites, cutting the unnecessary costs of developing\/maintaining a translated website and reducing the human resources and time needed for launch, thereby aiding with corporate globalization.
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\u25a0Investors for this round
<\/b><\/span>\uff08New investors\uff09<\/span><\/p>\n