Press Release

DeepL Reaches $1 Billion+ Valuation With Investment From IVP

January 19, 2023

New York – January 19, 2023 – Cooley advised IVP on its investment in DeepL, an artificial intelligence-based language translator, bringing DeepL’s valuation to more than $1 billion. Partners Jodie Bourdet and Tamim Bazzi led the Cooley team advising IVP.

DeepL is an AI-powered machine translation platform that instantly translates written content. IVP led the round, with additional participation from Bessemer Venture Partners, Atomico and World Innovation Lab. Previous backers of the company include Benchmark and btov Partners.

Founded in 1980, IVP partners with exceptional entrepreneurs to create market leaders for the future. It has invested in more than 400 companies, 131 of which have gone public.

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