Funding round
DeepL Series A
DeepL, which works in AI-Powered language solutions development in Cologne, raised $15M in a Series A round announced on 16 Nov 2022, led by Institutional Venture Partners. 1 firm took part. It is DeepL's first venture round on record.
$15M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
DeepL did not disclose a valuation in this round. It is DeepL's first venture round on record, 5 years after it was founded in 2017. It is 3.6% of the $422M DeepL has raised in the venture rounds on record. DeepL raised again 2 months later: a Growth round of $107M in Jan 2023, at $1.07B 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.
Lead investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
Comparable rounds
How it compares
1,705 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 1.3 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 8 Nov 2022 | $57M | not disclosed | WestBridge Capital |
| Tech Companies | 15 Nov 2022 | $40M | not disclosed | Temasek and Alibaba |
| Tech Companies | 28 Nov 2022 | $33M | not disclosed | Radical Ventures and Temasek |
| Tech Companies | 23 Nov 2022 | $32M | not disclosed | Flexcap Ventures |
| Tech Companies | 2 Nov 2022 | $30M | $95M | Institutional Venture Partners |
| Tech Companies | 21 Nov 2022 | $25M | not disclosed | Playtika |
| Tech Companies | 3 Nov 2022 | $25M | not disclosed | PWV |
| Tech Companies | 4 Nov 2022 | $25M | not disclosed | Norwest and B Capital |
Questions
Frequently asked
How much did DeepL raise in its Series A round?
DeepL raised $15M in its Series A round, announced in Nov 2022.
Who led DeepL's Series A round?
Institutional Venture Partners led it.
What was DeepL's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,705 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $12M, and this round was 1.3 times the median.
Did DeepL raise again after this round?
Yes: a Growth round in Jan 2023 of $107M at $1.07B post-money.