About Memsource
Memsource is a company based in Prague (Czechia) founded in 2011 was acquired by The Carlyle Group in July 2020.. Memsource has raised $15.86 million across 1 funding round from investors including The Carlyle Group. Memsource has completed 1 acquisition, including Phrase. Memsource operates in a competitive market with competitors including Smartling, Trint, Cloudwords, Localize and XTM International, among others.
- Headquarter Prague, Czechia
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Sectors
Technology
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Phone
*********
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Website
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Social
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- Legal Name Memsource Group Holding Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.86 M (USD)
in 1 rounds
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Latest Funding Round
$15.86 M (USD), Series B
Jun 28, 2022
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
The Carlyle Group
(Jul 02, 2020)
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Software Development Team
19 people
Sales and Marketing
11 people
Leadership Team
8 people
Customer Team
5 people
Human Resources and Administration
3 people
Principal Team
3 people
Finance and Accounting
3 people
Senior Team
3 people
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Funding Insights of Memsource
Memsource has successfully raised a total of $15.86M through 1 strategic funding round. The most recent funding activity was a Series B round of $15.86 million completed in June 2022. 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 1
- Last Round Series B — $15.9M
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First Round
First Round
(28 Jun 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Series B - Memsource | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Memsource
Memsource has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include The Carlyle Group. 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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Private equity investments are directed toward multiple sectors.
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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 Memsource
Memsource has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Phrase. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based software for translation workflow automation is offered.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Memsource
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Memsource Comparisons
Competitors of Memsource
Memsource 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 Smartling, Trint, Cloudwords, Localize and XTM International, 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 |
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| domain | founded_year | HQ Location |
Translation and localization solutions are provided via cloud platform.
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| domain | founded_year | HQ Location |
AI-driven transcription of audio and video files is provided.
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| domain | founded_year | HQ Location |
Translation platform and vendor marketplace for corporate content are provided.
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| domain | founded_year | HQ Location |
Provider a cloud-based tool and java-script library for localizing and translating content
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| domain | founded_year | HQ Location |
A cloud-based translation management platform is provided for global use.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Memsource
Frequently Asked Questions about Memsource
When was Memsource founded?
Memsource was founded in 2011 and raised its 1st funding round 11 years after it was founded.
Where is Memsource located?
Memsource is headquartered in Prague, Czechia.
Is Memsource a funded company?
Memsource is a funded company, having raised a total of $15.86M across 1 funding round to date. The company's 1st funding round was a Series B of $15.86M, raised on Jun 28, 2022.
What does Memsource do?
Memsource was founded in 2011 in Prague, Czech Republic, within the translation software sector. A cloud-based platform is offered to companies, translators, and enterprise localization teams. Operations center on a translators workbench that incorporates CAT tool features, including translation memory, terminology management, workflow automation, real-time oversight, and combined machine-human translation processes. The domain memsource.com supports these services globally.
Who are the top competitors of Memsource?
How many acquisitions has Memsource made?
Memsource has made 1 acquisition, including Phrase.
Who are Memsource's investors?
Memsource has 1 investor. Key investors include The Carlyle Group.
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