Image: Benchmark Capital’s Matt Cohler (2012) According to the statement emailed to Slator by Deepl, “the company wants to use the investment mainly to advance research and development, with those teams set to double this year.”įurthermore, it’s likely that some of the Benchmark funds will be deployed towards growing the service in the United States as well as adding more languages to the relatively narrow offering of nine target languages currently. According to regulatory filings, the company generated a profit of EUR 1.2m in 2017 and EUR 1.3m in 2016-and that was before the company exploded to what is now apparently 50 million monthly users, according to DeepL’s Lee Turner Kodak.ĭespite scaling rapidly, DeepL currently operates on a lean headcount of 25 full-time staff. Usage ExplodesĭeepL differs from the typical fast-growing startup in that it is already profitable. According to a Deutsche Startups podcast from December 4, DeepL’s btov partner is Switzerland-based Florian Schweitzer, who is a co-founder of the firm and responsible for btov’s Digital Tech Fund. Their portfolio includes money transfer platform Azimo, health and lifestyle website Foodspring and jobs aggregator Joblift, as well as a past investment in Facebook.ītov got in early as the sole investor in DeepL’s pre-seed and seed rounds in 20 respectively. The company was founded in 2000 and has around EUR 420m in funds under management. The partner at Benchmark in charge of the DeepL investment is Matt Cohler, who also advises Facebook and sits on the boards of Tinder and Uber.Īnother of DeepL’s investors is btov, a European venture capital firm with offices in Germany, Switzerland and Luxembourg. Find company research, competitor information, contact details & financial data for Benchmark Capital Management LLC of Grand Rapids, MI. Launched in 1995, Benchmark has a broad spectrum of investments from social media companies Twitter and Instagram to Uber and eBay, and other big names such as OpenTable, Quora, Zipcar and Dropbox. The fund is located in Woodside, California. The fund has invested in more than 250 early stage startups with a market value exceeding USD 100 billion, according to the company’s LinkedIn page. Benchmark Capital Partners VIII is a venture capital fund managed by Benchmark. Valley’s Seal of Approvalīenchmark Capital is a major venture capital firm headquartered in the San Francisco Bay area, and specialises in tech startups.
The business model, however, has shifted from selling online ads to offering DeepL’s tech via API to subscribers of its “Pro” service. Traffic to DeepL has skyrocketed since the launch and the site currently ranks among the top 300 websites in Germany and top 3,000 worldwide, according to . Benchmark Capital is a US-based venture capital firm that has invested in some of the most successful startups in the last twenty years.
BENCHMARK CAPITAL PRO
$490 BUY NOW Included in our Pro and Enterprise plan.
0 kommentar(er)
