Translation Software Company Joins MSU-Funded Business Accelerator
Acceptance signals investor interest in secure web-based translation management and includes pre-seed funding in conjunction with an intensive 10-week mentorship.
By: Pairaphrase LLC
BIRMINGHAM, Mich. - July 8, 2019 - PRLog -- Premium translation software company Pairaphrase announced today its acceptance into the 2019 Conquer Accelerator program, a collaborative effort operated by Michigan State University (MSU) Foundation and its partners.
Its online translation software product has gained the attention of the MSU Foundation-funded venture capital firm, Red Cedar Ventures, providing the pre-seed funding to Pairaphrase.
"We are honored and delighted to be one of the five companies accepted into the 2019 Conquer Business Accelerator program and to bring on Red Cedar Ventures as a partner. We look forward to working closely with Conquer and Red Cedar, as well as the MSU Foundation while reinforcing the startup ecosystem in Michigan," says Pairaphrase CEO, Laurent Bresson.
Tom Stewart, Conquer Accelerator's program manager, discusses the decision to welcome Pairaphrase into Conquer.
"When considering this year's cohort teams, Pairaphrase consistently rose to the top of our selection list. Rick and Laurent are seasoned entrepreneurs, each with track records of developing successful products. Pairaphrase is no exception."
Conquer Accelerator's selected teams receive an investment and work through an intensive ten-week season. Teams receive one-on-one mentorship and support from seasoned entrepreneurs and business leaders, creative co-working space as well as strategic resources.
Jeff Wesley, executive director of Red Cedar Ventures, also shares his enthusiasm for working with Pairaphrase.
"As an investor, what's exciting about Pairaphrase is the team's experienced leadership. This, combined with the ingenuity of its technology, takes this investment to another level."
Wesley, who's been leading Red Cedar Ventures since January of 2018, said Pairaphrase's uniqueness is baked into its purpose, "which makes our globalized world more connected and results in greater collaboration and assured, mutual success."
Pairaphrase puts advanced translation technologies into the hands of everyday business users to reduce the time and costs associated with the production of secure, high-quality translations. For more information about Pairaphrase, please contact Laurent Bresson at firstname.lastname@example.org or visit pairaphrase.com.
ABOUT CONQUER ACCELERATOR
Launched in 2016, Conquer Accelerator has invested over $500K into its portfolio companies. From streetwear to AI-assisted language learning, Conquer Accelerator is industry agnostic, accepting passionately committed entrepreneurs who are ready to take their startups to the next level. Bringing together business and industry leaders, seasoned entrepreneurs and university experts—not to mention angel and venture investors—Conquer alums have access to a powerful network. Learn more at conqueraccelerator.com.
ABOUT RED CEDAR VENTURES
Red Cedar Ventures, the venture investment subsidiary of the Michigan State University Foundation, supports promising Michigan State University student and faculty initiatives through investment capital and programming. Red Cedar Ventures's investments are inspired by the thinkers, innovators, and doers – faculty, researchers, and student entrepreneurs ready to bring their technologies and companies to market. Find out more by visiting redcedarventures.com.