About Memsource
Memsource is a Technology company based in Prague (Czechia) founded in 2011, and was acquired by The Carlyle Group in July 2020. Cloud-based translation platform is provided for localization needs. Memsource has raised $15.86 million across 1 funding round from investors including The Carlyle Group. Memsource has completed 1 acquisition, including Phrase. Its website memsource.com draws about 602 thousand monthly visits. Its focus areas include Enterprise Applications, Localisation - L10n Tech and Translation Management Systems. Its legal entity is Memsource Group Holding Ltd.
Company details
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.
- Headquarters Prague, Czechia
- Stage Acquired
- SectorsTechnology
- Website category Business and Consumer Services · Business Services
- Website memsource.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by The Carlyle Group (Jul 2020)
- Legal Name Memsource Group Holding Ltd
- Total Equity Funding$15.86M (USD)
in 1 rounds
- Latest Funding Round$15.86M (USD), Series B
Jun 2022
- Investors
- Investments & Acquisitions
- Acquired byThe Carlyle Group
(Jul 2020)
Apps and channels of Memsource
its YouTube channel Phrase has 3.16K subscribers and 30 videos.
Videos from Memsource
The most watched videos on Memsource's YouTube channel, Phrase (3.16K subscribers). Click a video to play it here.
More on Phrase.
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 $15.86M
- Total Rounds 1
- Last Round Series B β $15.86M
- First Round $15.86M
(Jun 2022)
- Investors Count 1
All 1 funding rounds of Memsource 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 |
|---|---|---|---|---|---|
| Jun 2022 | $15.86M | Series B | β | β |
1 investors in total: 1 institutional.
Investors in Memsource
Memsource has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include The Carlyle Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed toward multiple sectors. | 1986 | carlyle.com |
Investor details for Memsource
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Memsource
65 people are tracked at Memsource (28 in leadership, 37 in team).
| Name | Role | Group |
|---|---|---|
David Canek | CEO & Founder | Leadership |
Wolfram Grätz | Deputy CEO | Leadership |
Frederik Vollert | Chief Strategy Officer | Leadership |
Ian Woolley | VP Global Sales | Leadership |
Sabine S. | Senior People Business Partner | Leadership |
Bharat Siyani | VP, People | Leadership |
Jason Hemingway | VP Global Marketing | Leadership |
Martin Konop | Chief Financial Officer | Leadership |
Stephen Lumenta | CTO | Leadership |
Andrea Tabacchi | VP Customer Success | Leadership |
Dalibor Frivaldsky | Chief Innovation Officer | Leadership |
Craig Stewart | Director, AI Research | Leadership |
Martin Surovčák | Platform Engineering Director | Leadership |
Max Canning | Marketing Director | Leadership |
Jenn Adie | Head Of Global CSM Ops | Leadership |
Giovanni Casnici | Director, Group Finance | Leadership |
Manuel Boy | Director Of Engineering | Leadership |
Edmund O. | Vice President Of Global Business Development | Leadership |
Sonny Khaira | Chief Of Staff | Leadership |
Miroslav Kokeš | Director Of Technical Support | Leadership |
45 more people are available in the full profile.
Complete people profiles for Memsource
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Investments & Acquisitions by Memsource
Memsource has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Phrase.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Cloud-based software for translation workflow automation is offered. | phrase.com | Prague, Czech Republic | 2012 | Jan 2021 | β’β’β’β’ |
Complete acquisition details for Memsource
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of Memsource
4 dated milestones of Memsource across 11 years, from founding to its latest funding, stage changes and deals.
- Founded Memsource is founded.
- Exit Acquired by The Carlyle Group.
- Acquisition Acquires Phrase.
- Funding First funding round of $15.9M.
Web traffic of Memsource
The website of Memsource (memsource.com) receives about 601.6K visits a month and ranks #40,950 among all websites worldwide, #1,077 in Business Services.
- Monthly visits601.6K
▼ 18.4% vs previous month
- Unique visitors88.2K
per month
- Global rank#40,950
among all websites
- Category rank#1,077
Business and Consumer Services · Business Services
- Bounce rate26%
- Pages per visit16.5
- Average visit11 min 22 sec
- DevicesDesktop 84% Β· Mobile 16%
Websites whose visitors overlap most with Memsource. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
kilgray.com | kilgray.com | 100% | β | ||
| brombergtranslations.com | 86% | 4.2K | #4,358,923 | View details | |
| wordfast.com | 75% | 53K | #576,924 | View details | |
plunet.com | plunet.com | 74% | #488,572 | β | |
translation-blog.com | translation-blog.com | 73% | β | ||
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 11 similar websites and full traffic analytics for Memsource
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- 11 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Related news about Memsource
Complete news archive for Memsource
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Frequently Asked Questions about Memsource
Memsource was founded in 2011 and raised its 1st funding round 11 years after it was founded.
Memsource is headquartered in Prague, Czechia.
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 2022.
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.
Memsource has made 1 acquisition, including Phrase.
Memsource has 1 investor. Key investors include The Carlyle Group.
Memsource operates through Memsource Group Holding Ltd.
Yes. Memsource was acquired by The Carlyle Group in July 2020.
The website of Memsource receives about 602 thousand visits a month and ranks #40,950 among all websites worldwide.