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 has completed 1 acquisition, including MIXhalo. 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
- SectorsTechnology
- Email••••••••
- Website deepl.com/en/translator
- Social LinkedIn X Facebook Instagram
- Total Equity Funding$415 M (USD)
in 5 rounds
- Latest Funding Round$300 M (USD), Series C
May 22, 2024
- InvestorsBessemer Venture Partners
& 10 more
- Investments & Acquisitions
Apps and channels of DeepL
DeepL publishes 1 mobile app with over 10M+ downloads.
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 $415.0M
- Total Rounds 5
- Last Round Series C — $300.0M
- Investors Count 11
All 5 funding rounds of DeepL with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 22 May 2024 | $300.0M | Series C | – | Index Ventures | |
| 11 Jan 2023 | $100.0M | Series B | $1.0B | IVP , Bessemer Venture Partners | |
| 16 Nov 2022 | $15.0M | Series A | – | IVP | – |
| 03 Dec 2018 | – | Series A | – | – | |
| 18 Nov 2018 | – | Series A | – | – |
| Date | Valuation | Stage |
|---|---|---|
| 11 Jan 2023 | $1.0B | •••••••• |
Last known valuation $1.0B (Jan 2023). 11 investors in total: 11 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments in technology startups and entrepreneurs. | – | indexventures.com | - | |
Provider of investment management and real asset services | – | iconiqcapital.com | San Francisco, United States | |
Tech-based companies are invested in by Atomico venture capital fund. | 2006 | atomico.com | London, United Kingdom | |
Growth in technology companies is supported through venture capital. | – | ivp.com | Menlo Park, United States | |
Venture capital firm focused on SaaS, mobile tech, AI, and multiple sectors | – | wilab.com | Palo Alto, United States | |
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Venture capital investments are offered to promising startups. | – | benchmark.com | San Francisco, United States | |
Venture capital is provided to innovative startups by b2venture. | – | b2venture.vc | St. Gallen, Switzerland | |
Venture capital firm focused on early stage companies | – | flatcapital.com | Stockholm, Sweden | |
Stage agnostic VC firm funding companies in Europe | – | btov.vc | Berlin, Germany |
Investor details for DeepL
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of DeepL
8 people are tracked at DeepL (7 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Jaroslaw Kutylowski | Co-Founder & CEO | Leadership |
Jaroslaw (Jarek) Kutylowski | CEO and Founder | Leadership |
Gonçalo Gaiolas | Chief Product Officer | Leadership |
Sally Sourbron | Chief People Officer | Leadership |
Peter McDougall | Interim Chief Financial Officer | Leadership |
Sebastian Enderlein | Chief Technology Officer | Leadership |
David Parry-Jones | Chief Revenue Officer (CRO) | Leadership |
Loic Hermabessiere | Strategic SDR | Team |
Complete people profiles for DeepL
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Investments & Acquisitions by DeepL
DeepL has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MIXhalo.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Audio streaming platform for streaming events and band music | mixhalo.com | San Francisco, United States | 2016 | Jun 2026 | •••• |
Complete acquisition details for DeepL
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of DeepL
4 dated milestones of DeepL across 8 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Series C, of $300.0M.
- Acquisition Acquires MIXhalo.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| lilt.com | 2015 | Palo Alto, United States | $163.6M | 59 | Cloud-based machine translation tools and services are provided by Lilt. | |
| unbabel.com | 2013 | Lisbon, Portugal | $106.3M | – | AI-based translation platform is provided for multilingual operations. | |
| reverieinc.com | 2009 | Bengaluru, India | $4.1M | 14,754 | AI-powered translation, localization, and voice solutions are provided. | |
| languageio.com | 2011 | Cheyenne, United States | $25.0M | – | Translation of support content is automated for customer service agents. | |
| devnagri.com | 2019 | Noida, India | $1.7M | 52 | An AI-powered platform for enterprise human translations is provided. | |
| reverso.net | 2013 | Montreal, Canada | – | 7 | An online tool for accurate language translation and linguistic support. | |
| datarpm.com | 2012 | Redwood, United States | $5.9M | – | Big Data Business Intelligence Solution for predictive maintenance | |
| apptek.com | 1990 | Mclean, United States | – | – | Develops AI for speech recognition, machine translation, and natural language processing. |
Detailed competitors of DeepL
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Deepl
Complete news archive for DeepL
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to DeepL
10 companies that operate in the same segment as DeepL (Localization & Global SaaS Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
On-demand transcription, captioning, and document translation services are offered. | 2010 | San Francisco, California, United States | USD 4.9 M | – | – | |
AI-based dubbing and subtitling solutions are provided for video content. | 2017 | London, England, United Kingdom | USD 536.3 M | – | – | |
Translation, localization and global marketing services | 1996 | London, England, United Kingdom | USD 12 M | USD 559.98 M | – | |
Translation software is developed for enterprises and LSPs. | 1995 | Alexandria, United States | USD 12 M | – | – | |
Cloud-based audio-visual localization services are provided by ZOO Digital Group. | 1999 | El Segundo, California, United States | – | USD 41.84 M | 435 | |
Translation and localization services are provided, including language management. | 1992 | New York, New York, United States | – | USD 8.91 M | 704 | |
AI-based translation platform is provided for multilingual operations. | 2013 | Lisbon, Portugal | USD 106.27 M | – | – | |
Cloud-based machine translation tools and services are provided by Lilt. | 2015 | Palo Alto, California, United States | USD 163.57 M | – | – | |
Translation and localization solutions are provided via cloud platform. | 2009 | New York, New York, United States | USD 223.36 M | – | – | |
A cloud-based platform for remote simultaneous interpreting is offered. | 2014 | Zurich, Switzerland | USD 5.28 M | – | – |
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Frequently Asked Questions about DeepL
DeepL is headquartered in Koln, Germany. It is registered at Koln, North Rhine-westphalia, Germany.
Jaroslaw Kutylowski is the current CEO of DeepL. They have also founded this company.
DeepL is a funded company, having raised a total of $415M across 5 funding rounds to date.
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.
DeepL's top competitors include Unbabel, Lilt and Reverie Language Technologies.
DeepL has made 1 acquisition, including MIXhalo.
DeepL has 11 investors. Key investors include Bessemer Venture Partners, Atomico, Ontario Teachers' Pension Plan, Index Ventures, and Iconiq Capital.
The valuation of DeepL is $1B as of Jan 2023.
Yes. DeepL publishes DeepL Translate, with over 10 million downloads.