DeepL Prepares $5B IPO, Early Investors Include Ukraine’s TA Ventures
German translation service DeepL, a major competitor to Google Translate, is preparing for a US IPO, according to Bloomberg.
The IPO is planned for early next year, with DeepL’s valuation estimated at around $5 billion. Last year, the company raised $300 million at a $2 billion valuation, though no updated valuation has been publicly reported since.
Founded in 2017 by CEO Jarek Kutylowski, DeepL is an AI-powered language platform. The company employs over 1,000 people and maintains offices in Japan and the U.S. Its investor roster includes Benchmark, IVP, and Index Ventures.
The Ukrainian investment firm TA Ventures, owned by Viktoriya Tigipko, also invested in DeepL at one point.
DeepL Prepares $5B IPO, Early Investors Include Ukraine’s TA Ventures
German translation service DeepL, a major competitor to Google Translate, is preparing for a US IPO, according to Bloomberg.
The IPO is planned for early next year, with DeepL’s valuation estimated at around $5 billion. Last year, the company raised $300 million at a $2 billion valuation, though no updated valuation has been publicly reported since.
Founded in 2017 by CEO Jarek Kutylowski, DeepL is an AI-powered language platform. The company employs over 1,000 people and maintains offices in Japan and the U.S. Its investor roster includes Benchmark, IVP, and Index Ventures.
The Ukrainian investment firm TA Ventures, owned by Viktoriya Tigipko, also invested in DeepL at one point.
