Tech Company Financing Transactions
Phrase Funding Round
Phrase, based in Hamburg, raised $13.4 million from CIBC Innovation Banking.
Transaction Overview
Company Name
Announced On
7/19/2023
Transaction Type
Debt
Amount
$13,350,000
Round
Undisclosed
Investors
CIBC Innovation Banking (Lead Investor)
Proceeds Purpose
The company intends to use the funds to further develop its AI-driven language technology.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
ABC-Straße 4
Hamburg, 20354
DE
Hamburg, 20354
DE
Phone
Undisclosed
Website
Email Address
Overview
At Phrase, we believe when you unlock language, you unlock opportunity. That's why we're pushing the boundaries of language technology through automation and artificial intelligence to power high quality, scalable, and fast localization for teams of any size. We aim to open the door to global business by giving everybody access to the content they need in the language they speak.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Georg Ell
Chief Financial Officer
Martin Konop
Chief Marketing Officer
Jason Hemingway
Chief Technical Officer
Stephen Lumenta
Browse more venture capital transactions:
Prev: 7/19/2023: o9 Solutions venture capital transaction
Next: 7/20/2023: Botinkit venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC investment data records on this site are sourced from a variety of public sources. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs