Recruit Holdings invests in Gengo, Inc., a crowdsourcing translation service provider
Apr. 22, 2015
Recruit Holdings Co., Ltd.
Recruit Holdings Co., Ltd. (Recruit; Headquarters: Chiyoda-ku, Tokyo; President and CEO: Masumi Minegishi) has invested in Gengo, Inc. (Gengo; Headquarters: Shibuya-ku, Tokyo; CEO: Matthew Romaine), a crowdsourcing translation service provider, through its investment subsidiary RSP Fund No. 5, LLC.
1. Goal of this investment
Through this investment, Recruit, together with Gengo, aims to promote crowdsourcing translation services where growth in demand is expected in the future. Gengo is planning to use the funds raised to develop new products and expand its customer base in the United States.
2. Overview of Gengo, Inc.
Gengo is a provider of crowdsourcing translation services with approximately 14,000 translators. Gengo's services have been introduced to companies in a wide range of industries both at home and abroad including electronics manufacturers, publishers, and IT service providers. By using these services, translators are able to find projects smoothly, while companies in need of translation can order translation services effectively.
| (1) | Company name | Gengo, Inc. |
| (2) | Representative | Matthew Romaine |
| (3) | Headquarters | 3-27-11 Shibuya, Shibuya-ku, Tokyo |
| (4) | Established | June 17, 2009 |
| (5) | Main business | Provision of translation services using crowdsourcing technologies |
| (6) | Website | http://gengo.com/ |
3. Overview of RSP Fund No. 5, LLC
| (1) | Company name | RSP Fund No. 5, LLC |
| (2) | Representative | Akihiko Okamoto |
| (3) | Headquarters | 8-4-17 Ginza, Chuo-ku, Tokyo |
| (4) | Established | May 7, 2013 |
| (5) | Main business | Investment development and venture capital |
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