Osborne Clarke has advised Index Ventures on its investment in the Language AI company DeepL as part of a USD 300 million financing round. The valuation of the unicorn increases to USD 2 billion.

Since its inception in 2017, DeepL has become a leading Language AI provider for businesses across multiple industries including manufacturing, legal, retail, healthcare, technology, and professional services. The company’s translation and writing solutions rely on specialized AI models specifically tuned for language, resulting in more precise translations for a variety of use cases and a reduced risk of hallucinations and misinformation. According to DeepL, their service is used by around 100,000 paying business customers.

Now DeepL has announced a financing round: Led by Index Ventures, and including participation from ICONIQ Growth, Teacher’s Venture Growth and existing investors such as IVP, Atomico and WiL are investing USD 300 million in the Cologne-based company at a USD 2 billion valuation.

Index Ventures is a leading European venture capital firm, originally founded in 1996 and recognized for its investments in highly successful SaaS businesses like Figma, Slack, Wiz, and ScaleAI.

The Osborne Clarke team that advised Index Ventures, led by Till-Manuel Saur, consisted of Dana Alpar (both Corporate / Venture Capital), Susanne Kühlthau and Dr Karen Frehmel-Kück (both Corporate).

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