About Phrase
Phrase is a company based in Prague (Czechia) founded in 2012 was acquired by Memsource in January 2021.. Phrase operates in a competitive market with competitors including Reverie Language Technologies, Opal Labs, Cloudwords, Kapost and Mobile Streams, among others.
- Headquarter Prague, Czechia
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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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Latest Funding Round
$13.49 M (USD), Debt – Venture
Jul 19, 2023
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Investors
Canadian Imperial Bank of Commerce
& 2 more
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Employee Count
Employee Count
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Acquired by
Memsource
(Jan 22, 2021)
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Funding Insights of Phrase
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Venture — $13.5M
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First Round
First Round
(19 Jul 2023)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Debt – Venture - Phrase | Valuation |
investors |
| 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 Phrase
Phrase has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, The Carlyle Group and Memsource. 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 | |
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Commercial banking services are provided to individuals and businesses.
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Founded Year | Domain | Location | |
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Cloud-based translation platform is provided for localization needs.
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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 Phrase
| 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 - Phrase
| 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 |
Phrase Comparisons
Competitors of Phrase
Phrase 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 Reverie Language Technologies, Opal Labs, Cloudwords, Kapost and Mobile Streams, 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 |
AI-powered translation, localization, and voice solutions are provided.
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| domain | founded_year | HQ Location |
Collaborative content planning and marketing management solution
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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 |
Content optimization software is provided for marketing workflows and analytics.
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| domain | founded_year | HQ Location |
Cloud based platform offering software for content marketing
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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 Phrase
Frequently Asked Questions about Phrase
When was Phrase founded?
Phrase was founded in 2012 and raised its 1st funding round 11 years after it was founded.
Where is Phrase located?
Phrase is headquartered in Prague, Czechia.
What does Phrase do?
Phrase was founded in 2012 in Prague, Czech Republic, within the software sector focused on localization. Cloud-based tools for translation management are provided, with workflows automated for project oversight and process efficiency. Features encompass proofreading, user permissions, notifications, activity logs, comments, checks, editing, memory, in-context tools, glossaries, and screenshots. Analytics dashboards deliver data on workloads, vendor results, language costs, and translation efficiencies.
Who are the top competitors of Phrase?
Phrase's top competitors include Reverie Language Technologies, Opal Labs and Tenovos.
Who are Phrase's investors?
Phrase has 3 investors. Key investors include Canadian Imperial Bank of Commerce, The Carlyle Group, and Memsource.
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