About DeepL
DeepL is a company based in Koln (Germany) by Jaroslaw Kutylowski.. DeepL has raised $415 million across 5 funding rounds from investors including Bessemer Venture Partners, Atomico and Ontario Teachers' Pension Plan. DeepL operates in a competitive market with competitors including Lilt, Unbabel, Reverie Language Technologies, Language I/O and Devnagri, among others.
- Headquarter Koln, Germany
- Founders Jaroslaw Kutylowski
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$415 M (USD)
in 5 rounds
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Latest Funding Round
$300 M (USD), Series C
May 22, 2024
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Investors
Bessemer Venture Partners
& 10 more
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Employee Count
Employee Count
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Funding Insights of DeepL
DeepL has successfully raised a total of $415M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $300 million completed in May 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series C — $300.0M
- First Round First Round
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series C - DeepL | Valuation | Index Ventures | |
| Jan, 2023 | Amount | Series B - DeepL | Valuation | IVP , Bessemer Venture Partners | |
| Nov, 2022 | Amount | Series A - DeepL | Valuation | IVP |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DeepL
DeepL has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Atomico and Ontario Teachers' Pension Plan. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Provider of investment management and real asset services
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Founded Year | Domain | Location | |
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Tech-based companies are invested in by Atomico venture capital fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DeepL
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DeepL
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Deepl Comparisons
Competitors of DeepL
DeepL operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Lilt, Unbabel, Reverie Language Technologies, Language I/O and Devnagri, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based machine translation tools and services are provided by Lilt.
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| domain | founded_year | HQ Location |
AI-based translation platform is provided for multilingual operations.
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| domain | founded_year | HQ Location |
AI-powered translation, localization, and voice solutions are provided.
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| domain | founded_year | HQ Location |
Translation of support content is automated for customer service agents.
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| domain | founded_year | HQ Location |
An AI-powered platform for enterprise human translations is provided.
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| domain | founded_year | HQ Location |
An online tool for accurate language translation and linguistic support.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Deepl
Frequently Asked Questions about DeepL
Where is DeepL located?
DeepL is headquartered in Koln, Germany. It is registered at Koln, North Rhine-westphalia, Germany.
Who is the current CEO of DeepL?
Jaroslaw Kutylowski is the current CEO of DeepL. They have also founded this company.
Is DeepL a funded company?
DeepL is a funded company, having raised a total of $415M across 5 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Nov 18, 2018.
What does DeepL do?
AI and SaaS platforms for machine translation are developed by DeepL, which is based in Cologne, Germany. Neural networks are employed to process source text entered by users, enabling high-quality translations. Dictionary suggestions are retrieved by clicking terms in the original text, and alternative options are selected from the translated version for insertion. An API is provided for integration, allowing external programs to submit texts and obtain results.
Who are the top competitors of DeepL?
DeepL's top competitors include Unbabel, Lilt and Reverie Language Technologies.
Who are DeepL's investors?
DeepL has 11 investors. Key investors include Bessemer Venture Partners, Atomico, Ontario Teachers' Pension Plan, Index Ventures, and Iconiq Capital.
What is DeepL's valuation?
The valuation of DeepL is $1B as of Jan 2023.