Lengoo receives 20 million US dollars

Customers of the Berlin start-up include Sixt, the WWF and Michelin. A prominent investor is a new addition.

Lengoo has raised a total of 20 million US dollars in its Series B financing round. The main investor is the Dutch venture capital company Inkef Capital. Existing investors Redalpine, Creathor Ventures, Techstars and angel investors Matthias Hilpert and Michael Schmitt are also participating. New additions are Polipo Ventures and Volker Pyrtek, the former CPO of Deutsche Telekom.

"Lengoo's successful use of augmented intelligence in translation demonstrates the true power of human-machine collaboration and is one of the first AI service models to be widely accepted by enterprise customers," said investor Frank Lansink of Inkef Capital. The start-up has raised a total of 34 million euros.

Lengoo offers translations with the help of machine learning. Its main competitors are the translator DeepL from Cologne and Google with its Google Translator. Lengoo claims to have increased its turnover more than sixfold in the past year. The start-up has 50 corporate customers, including Sixt, the WWF and Sunrise Communications. The number of employees tripled last year and the Berlin-based company expanded earlier than planned: to the USA, the UK, Scandinavia and Poland. "We want to use the additional capital to establish a global presence for our globally active customers," says founder and Managing Director Christopher Kränzler.