Tech Company Financing Transactions
DeepL Funding Round
DeepL, based in Cologne, scored $100 million from IVP, Atomico Ventures and Benchmark Capital.
Transaction Overview
Company Name
Announced On
1/11/2023
Transaction Type
Venture Equity
Amount
$100,000,000
Round
Undisclosed
Investors
Proceeds Purpose
This is a route that the startup is planning to continue, but the plan is to use the funding to expand that scope both to cover larger enterprises and to build out new services, such as a Grammarly-style monolingual (same-language) writing improver that is in closed beta now and will be launching soon.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Maarweg 165
Cologne, 50825
DE
Cologne, 50825
DE
Phone
Undisclosed
Website
Email Address
Overview
Developer of a translation platform designed to offer artificial intelligence systems for different languages and communication. The company's platform uses artificial intelligence to combine an editorial dictionary and a search engine with which one can search bilingual texts for words and expressions, enabling users to learn, write sentences, and record pronunciations in a foreign language in order to communicate with the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jaroslaw Kutylowski
Chief Financial Officer
Markus Harder
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