Interprefy secures additional £1.5m funding

Funding Rounds

Summary

This loan guarantee, provided through the Technologiefonds, will allow Interprefy to increase product development, recruit more specialist expertise and, ultimately, better serve its customers. Kim Ludvigsen, founder and CEO at Interprefy said, “We are very happy to have secured this loan guarantee from the Technologfond to grow our business during a difficult period. “We are proud in difficult times to continue supporting international organisations, such as the United Nations, providing them with the ability to host important meetings and conferences remotely. Due to the lower cost and increased flexibility, this will only mean more demand for simultaneous interpretation in the future.” In the current climate of economic difficulty and a global health pandemic, businesses are having to cancel or reschedule international conferences and events online, resulting in high demand for online conference solutions with simultaneous language interpretation. As the German-Italian AIIC interpreter, Monika Eingrieber, explains: “On a Friday, a client of mine wanted to cancel an important event at very short notice due to COVID-19.

$ Funding

$
Amount $1.9M Total raised
Date May 13, 2020 Announcement date
Investors - Lead investors
Company http://www.interprefy.com Funded company

Classifications

industries
Hospitality
applications
AI & Machine learning

AskAI Classifications

Labels
Software Development SaaS AI Speech Translation

Linked Companies

Interprefy
$10M to $25M