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YPOG advises Atomico on US$300 million financing round of DeepL

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Berlin, May 2024 – YPOG advised existing investor Atomico on the US$300 million financing round of AI-based translator DeepL. The round was led by Index Ventures. Other investors include Iconiq Capital, GIC, Ontario Teachers' Pension Plan and previous investors such as IVP and World Innovation Lab.

Its valuation of US$2 billion is said to make DeepL the highest valued AI company in Germany.

The online translation service, founded in Cologne in 2017 by Jaroslaw Kutylowski, intends to use the newly raised capital to expand its customer base. In addition to the existing branches in Germany, the Netherlands, Poland, the UK, Japan and the USA, the company also wants to expand in Latin America. The research departments of DeepL will also benefit from the capital injection.

YPOG has already advised Atomico on previous investments in Germany, including on DeepL’s previous financing round in the spring of last year.

Team

Dr. Benjamin Ullrich (Co-Lead, Transactions), Partner, Berlin
Tobias Lovett (Co-Lead, Transactions), Senior Associate, Berlin
Farina Weber (Transactions), Associate, Berlin

 

About Atomico

Atomico invests in technology companies in the early stages up to IPO with a particular focus on Europe, leveraging deep operational experience to supercharge their growth. Founded in 2006, Atomico has partnered with over 130 ambitious teams - including those at Klarna, Supercell, Graphcore, Compass, MessageBird, Masterclass, Attentive Mobile, Pipedrive and Hinge Health. Atomico's team of founders, investors and operational leaders have been responsible for global expansion, hiring and marketing at companies from Skype and Google to Twitter and Uber. The firm currently has US$5 billion in assets under management. 

 

Download Press Release: YPOG advises Atomico on US$300 million financing round of DeepL

About us

YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard. 
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich. 

Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog

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