Funding round
DeepL Growth
Reported as "Growth Equity"
DeepL, which works in AI-Powered language solutions development in Cologne, raised $107M in a Growth round announced on 1 Jan 2023, led by Institutional Venture Partners, at a $1.07B post-money valuation. 6 firms took part. It is DeepL's second venture round on record; the one before was a Series A in Nov 2022.
$107M
Amount raised
100,000,000 EUR converted
$1.07B
Post-money valuation
6
Investors
1 lead
10.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced DeepL at $1.07B after the new money. The $107M bought investors about 10.0% of the company. It came 2 months after DeepL's Series A. It is 25% of the $422M DeepL has raised in the venture rounds on record. DeepL raised again 16 months later: a Series B round of $300M in May 2024, at $2.00B post-money.
DeepL's funding rounds
DeepL has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Institutional Venture Partners led the round with 5 other firms.
Lead investor
- Institutional Venture Partners backs 109 venture-backed companies
Also in the round
- Bessemer Venture Partners backs 412 venture-backed companies
- Atomico backs 123 venture-backed companies
- WiL
- Benchmark
- backs 86 venture-backed companies
Comparable rounds
How it compares
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.1 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| OpenAI Tech Companies | 1 Jan 2023 | $10.00B | $29.00B | Microsoft |
| Tech Companies | 11 Jan 2023 | $300M | $2.00B | Lorient Capital |
| Saviynt Tech Companies | 31 Jan 2023 | $205M | not disclosed | not named |
| Tech Companies | 17 Jan 2023 | $104M | not disclosed | Silversmith Capital Partners |
| Tech Companies | 24 Jan 2023 | $70M | not disclosed | Investcorp |
| Tech Companies | 11 Jan 2023 | $61M | not disclosed | Alven |
| Tech Companies | 18 Jan 2023 | $60M | not disclosed | Digital Alpha Advisors |
| Tech Companies | 1 Jan 2023 | $53M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did DeepL raise in its Growth round?
DeepL raised $107M in its Growth round, announced in Jan 2023.
Who led DeepL's Growth round?
Institutional Venture Partners led it, with Bessemer Venture Partners, Atomico, WiL, Benchmark and b2venture.
What was DeepL's valuation at the Growth round?
$1.07B post-money.
How does it compare with other Growth rounds in Tech Companies?
364 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.1 times the median.
Did DeepL raise again after this round?
Yes: a Series B round in May 2024 of $300M at $2.00B post-money.