DeepL Revenue, Valuation, Funding & Investors

DeepL is valued at $2B as of May 2024.

See full DeepL profile

Last DeepL valuation

$2B

Undisclosed stage · May 2024

Last DeepL funding round

$300M

Undisclosed stage · May 2024

DeepL revenue

$50M

Undisclosed stage · Jan 2023

Key investors in DeepL

  • IVP
  • Atomico
  • World Innovation Lab
  • Bessemer Venture Partners
  • Index Ventures
  • ICONIQ Capital

DeepL Overview

About DeepL

DeepL is a Cologne-based neural machine translation service supporting 32 languages with higher accuracy than Google Translate in blind tests. Founded in 2017, it offers DeepL Pro for secure enterprise use, API access handling billions of translations yearly, and tools like DeepL Write for text improvement. The company serves clients including BMW, Zapier, and governments worldwide from offices in Germany and the US.


Founded

2017

HQ

GermanyCologne

Website

deepl.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$50M (Jan 2023)

Valuation

$2B (May 2024)

DeepL Valuation

DeepL is currently valued at $2B, based on its undisclosed-stage round in May 2024.

The $300M round was led by Index Ventures, with participation from ICONIQ Capital, IVP, World Innovation Lab, Teachers’ Venture Growth and Atomico.

DeepL's valuation has grown 2.0x from $1B at its undisclosed-stage round in January 2023 to $2B in May 2024, across 2 priced rounds.

DeepL valuation by funding round

Revenue multiple
DeepL valuation by funding round
DateStageValuationRevenue Multiple
May 2024Undisclosed stage$2B-
Jan 2023Undisclosed stage$1B20.0x

DeepL Revenue

DeepL's latest recorded revenue is $50M, as of its undisclosed-stage round in January 2023. At a $1B valuation, that implies a 20.0x revenue multiple.

DeepL revenue by funding round

DeepL revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jan 2023$50M$1B20.0xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

DeepL Funding History

DeepL has raised a total of $400M across 2 funding rounds.

DeepL's first fundraising round was a $100M undisclosed-stage round in January 2023. The most recent completed round was a $300M undisclosed-stage round in May 2024.

DeepL funding rounds

DeepL funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2024Undisclosed stageIndex Ventures (lead); ICONIQ Capital; IVP; World Innovation Lab; Teachers’ Venture Growth; Atomico$300M$2BDeepL, a Cologne, Germany-based AI language company founded in 2017 by Jarek Kutylowski, develops advanced translation and writing tools using proprietary neural networks and large language models, supporting 32 languages including recent additions like Arabic, Korean, and Norwegian. The platform serves over 100,000 businesses, governments, and organizations worldwide, with key customers such as Zendesk, Nikkei, Coursera, and Deutsche Bahn, positioning it as a competitor to Google Translate and Grammarly with a focus on business-grade accuracy and integration. On May 22, 2024, DeepL raised $300 million in a funding round led by Index Ventures, with participation from ICONIQ Growth, Teachers’ Venture Growth, and existing investors IVP, Atomico, and World Innovation Lab (WiL), achieving a post-money valuation of $2 billion. This marked a doubling of its valuation from the prior January 2023 round where it reached unicorn status at over $1 billion after raising more than $100 million. The round, reported by The Wall Street Journal and DeepL's official press release, is noted as potentially the largest ever for a translation tech company. Proceeds from the investment will fuel global expansion, particularly into the US (now its third-largest market with a new Austin office opened in early 2024), Asia, and Latin America, alongside R&D for AI communication tools like DeepL Write Pro—a business-tailored writing assistant powered by proprietary LLMs—and recruitment in AI, engineering, product, and go-to-market teams. DeepL employs around 900 people across offices in Germany, the Netherlands, Poland, the UK, Japan, and the US. The funding underscores surging demand for specialized AI translation amid advancements in neural networks and LLMs, with Index Ventures partner Danny Rimer highlighting DeepL's balance of research innovation and commercial execution. While the company remains unprofitable, it emphasizes B2B growth to capture a larger share of its addressable market.
Jan 2023Undisclosed stageIVP (lead); b2venture; World Innovation Lab; The New Normal Fund; Benchmark; Bessemer Venture Partners; Allison Pickens Ventures; Illusian Group; Atomico$100M$1BDeepL is a Cologne, Germany-based AI-powered machine translation platform that provides instant translation services for written content to businesses and individuals, competing with Google Translate and others through superior accuracy via deep learning models trained on a 5.1 petaflop supercomputer processing over 1 billion translations. In January 2023, DeepL raised over $100 million in a Series C round led by IVP, with participation from Bessemer Venture Partners, Atomico, World Innovation Lab (WiL), and prior investors like Benchmark and btov Partners (also listed as b2venture), achieving a post-money valuation of $1 billion USD (EUR 1bn), marking its unicorn status. The valuation was reported as a 20x multiple of its $50 million annual run rate at end-2022, amid 100% year-over-year growth, with the company breaking even and nearing profitability. Funds were allocated to R&D for hiring NLP experts, launching new languages, expanding product offerings, and ramping up sales and marketing to target large enterprise accounts. This round followed earlier funding and preceded a May 2024 Series D of $300 million at $2 billion valuation led by Index Ventures, bringing total raised to around $400 million.

Who has invested in DeepL?

12 investors have backed DeepL across its funding rounds, including IVP, Atomico, World Innovation Lab, Bessemer Venture Partners, Index Ventures and ICONIQ Capital.

Lead investors include Index Ventures and IVP.


DeepL Investors

Investors in DeepL by funding rounds participated
InvestorHQRoundsRoleFirst check
IVPUnited StatesSan Francisco, CA2LeadJan 2023
World Innovation LabUnited StatesSan Francisco, CA2ParticipantJan 2023
AtomicoUnited KingdomLondon2ParticipantJan 2023
ICONIQ CapitalUnited StatesSan Francisco, CA1ParticipantMay 2024
Index VenturesUnited KingdomLondon1LeadMay 2024
b2ventureGermanyBerlin1ParticipantJan 2023
The New Normal FundUnited StatesSan Francisco, CA1ParticipantJan 2023
BenchmarkUnited StatesSan Francisco, CA1ParticipantJan 2023
Bessemer Venture PartnersUnited StatesSan Francisco, CA1ParticipantJan 2023
Teachers’ Venture GrowthCanadaToronto1ParticipantMay 2024

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by DeepL

DeepL has acquired 1 company to date.

Last acquisition by DeepL was on June 16th 2026. DeepL acquired Mixhalo for undisclosed valuation.


Latest Acquisitions by DeepL

Mixhalo
Description
Mixhalo is a San Francisco-headquartered real-time audio platform for live events including Coachella, Lollapalooza, and NFL games. Established in 2016, it streams high-fidelity sound directly to attendees' smartphones via a free app, bypassing venue PA systems for personalized mixes. Mixhalo partners with organizers like Live Nation and AEG to deliver spatial audio with artist commentary at concerts and conferences worldwide.
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date16 Jun 2026
Valuationundisclosed
EV/Revenue
EV/EBITDA

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DeepL Competitors

DeepL competitors include listed companies like Haizhi and C3.ai, and private ones like Cloudinary, d-Matrix, Eros Innovation and Parallel.

Public and private companies comparable to DeepL
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CloudinaryUnited StatesSan Jose, CAPrivate$100M-$2B20.0x
d-MatrixUnited StatesSan Jose, CAPrivate--$2B-
Eros InnovationIsle of ManIsle of ManPrivate-$35M$2B-
ParallelUnited StatesSan Francisco, CAPrivate--$2B-
HaizhiChinaChinaPublicly listed$93M($30M)$2.1B16.3x
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x

DeepL Public Comps

DeepL is still privately-owned, but its public comps include Haizhi, Ncino, C3.ai, Wenge AI, TRS Information Technology, Shenzhen Ysstech Info, PCITECH, Intsig Information, BigBear.ai and SoundHound.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Haizhi$93M($30M)21.5x16.3x(67.1x)(440.4x)
Ncino$595M$65M4.3x4.0x39.0x15.8x
C3.ai$250M($484M)4.3x4.5x(2.2x)(6.2x)
Wenge AI$60M($20M)27.6x-(82.7x)-
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Shenzhen Ysstech Info$205M$4M7.2x-378.8x-
PCITECH$1.5B$53M0.8x0.9x24.1x-
Intsig Information$270M$83M7.8x6.6x25.2x23.6x

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Common questions about DeepL

When was DeepL founded?DeepL was founded in 2017.
Where is DeepL headquartered?DeepL is headquartered in Cologne, Germany.
Is DeepL publicly listed?No, DeepL is a private, VC-backed company.
What is DeepL's valuation?DeepL was last valued at $2B in its undisclosed-stage round in May 2024.
How much funding has DeepL raised?DeepL has raised $400M across 2 funding rounds.
What was DeepL's last funding round?DeepL's last funding round was a $300M undisclosed-stage round in May 2024, led by Index Ventures.
Who are DeepL's investors?DeepL's investors include IVP, World Innovation Lab, Atomico, ICONIQ Capital, Index Ventures, b2venture, The New Normal Fund, Benchmark, Bessemer Venture Partners, Teachers’ Venture Growth and 2 others.
What is DeepL's revenue?DeepL's latest recorded revenue is $50M (January 2023).
What is DeepL's revenue multiple?DeepL's latest valuation implies a 20.0x revenue multiple ($1B valuation on $50M of revenue).
Which companies are comparable to DeepL?Companies comparable to DeepL include Cloudinary, d-Matrix, Eros Innovation, Parallel, Haizhi and C3.ai.
How many companies has DeepL acquired?DeepL has acquired 1 company, including Mixhalo.

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