Transcription Startup Subly Raises $1M Seed Round From Leading Investors
by Startacus Admin
Major investment secured by Subly to support further development of its transcription services and technologies and expansion of its team and customer base.
Fantastic news from Subly, the transcription, translation and subtitling startup which has just announced its Seed raise of $1M from global investors including Loyal VC, Wayra (Telefónica) and AI Startup Incubator. Subly has also been backed by global Angel investors.
This raise comes as Subly scales its subtitling and translation services to meet strong demand for accessible content from creators and brands globally, with more of the population listening with sound off than ever, and brands wanting to localise content for global audiences. The investment will support the startup’s ambitions to further develop its services and technologies, expand its team and global customer base.
Subly is a simple-to-use online subtitling, transcription and translation platform which allows creators and businesses to transcribe, translate and subtitle content without the professional skills needed. Andy Ayim, Investor and Director at The Angel Investing School said: “As a content creator, when I create video content for socials and my online courses, I am always conscious about inclusivity and widening my reach. That's how I first learned about how effortless it is to use Subly for all my subtitles. I was sold as a customer and had the privilege to join as an investor too."
“We’re thrilled to announce our Seed raise at Subly,” said Subly CEO, Holly Stephens. “We've seen incredible interest in, and use of, our platform over the last year due to more online content being created than ever, and the need for businesses to communicate with teams and customers virtually. Our vision remains true to help creators and businesses around the world to make global, accessible and localised content.”
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The new investors all align closely with the values and vision of Subly, bringing with them expertise and experience from around the globe and across sectors, with a specific focus on SaaS and tech. The round highlights the confidence of new and existing investors including lead investor Loyal VC, also part of the previous pre-seed round, in the Subly vision to make all content truly global, the product, technology and global team. The launch, growth and investment were all completed with a fully remote team and the challenges experienced around the world during the pandemic.
Debora Bielecki, Board Advisor at Bank of Canada and Loyal VC, and Subly investor said: “I have had the pleasure to meet many businesses and entrepreneurs, over the past few years. Every once in a while, you find a gem. Investing in Subly just made sense.
Luisa Rubio, Head of Wayra X added: “At Wayra (Telefónica) we are witnessing rapid growth in the digital content creation market, a vital component in any online strategy. The Subly team stands out for offering a simple and quick tool to help all those content creators who need to professionalise and make their work more effective.”
We look forward to seeing the impact of this investment and what comes next for this innovative startup!
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Published on: 27th May 2021
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