Taylor Wessing advises DeepL on USD$300 million investment at USD$2 billion valuation

DeepL SE, a leading language AI company, has today announced USD$300 million of investment at a USD$2 billion valuation fuelled by global demand for AI language solutions. Led by Index Ventures, the heavily oversubscribed round attracted strong support from new investors, who will bring their extensive expertise, connections, and resources to support DeepL’s growth and long-term vision to transform the way companies communicate around the world.

Additional late-stage investment firms, including ICONIQ Growth, Teachers’ Venture Growth, and others, participated, along with existing investors IVP, Atomico, and WiL. Our team was led by Berlin partner Dr. Norman Röchert and advised DeepL on all aspects of the investment. We have been advising DeepL for several years, including the 2023 financing round led by IVP.

The new investment has been sourced during a period of significant growth and momentum for DeepL, which has amassed a customer network of 100,000+ businesses, governments, and other organisations worldwide. This network includes Zendesk, Nikkei, Coursera, and Deutsche Bahn, who rely on its highly accurate and secure enterprise language AI platform to deliver seamless communication, driving international growth and cost savings. In response to surging demand from global enterprises, DeepL has accelerated its expansion efforts and strategic investments into key markets over the past year. DeepL will continue to invest in research and product innovation to strengthen its suite of leading AI communication tools for businesses. The company is also doubling down on global market expansion and talent recruitment across multiple areas including AI research, product, engineering, and GTM.

About DeepL

DeepL is on a mission to break down language barriers for businesses everywhere. Over 100,000 businesses, governments and other organisations and millions of individuals in 63 global markets trust DeepL’s language AI platform for human-like translation and better writing. Designed with enterprise security in mind, companies around the world leverage DeepL’s AI solutions that are specifically tuned for language to transform business communications, expand markets and improve productivity. The company was founded in 2017 by CEO Jaroslaw Kutylowski and is supported by world-renowned investors.

Legal advisors DeepL SE

Our German-led team included: Lead Dr. Norman Röchert (Partner), Christopher Hildebrandt (Senior Associate), Felix Paul (Professional Support Lawyer), all Corporate/ Venture Capital, Berlin; Marc-Oliver Kurth (Partner, Corporate/ M&A, Berlin), Maria Weiers (Partner, Düsseldorf, Corporate/ M&A) and Dr. Bert Kimpel (Partner, Tax, Düsseldorf).