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Unbabel

Unbabel

A company providing a translation as a service platform allowing enterprises to understand and be understood by their customers. It participated in the W14 cohort of Y Combinator.

Unbabel is a company providing a translation as a service platform allowing enterprises to understand and be understood by their customers that is headquartered in Lisbon, Portugal and was founded in 2013 by Bruno Prezado, Hugo Silva, João Graça, Sofia Pessanha, and Vasco Pedro. It participated in the W14 cohort of Y Combinator.

Funding
Seed

On July 18, 2014 Unbabel announced raising $1.5 million in seed funding from Wefunder, Shilling Capital Partners, Matrix Partners, Young Guo, Ryan Peterson, Roger Dickey, Rob Emrich, Raymond Tonsing, Klaus von Sayn-Wittgenstein, and Kevin Rose. The company plans on using their seed funding to hire more engineers, expand its marketing team, and grow its customer base.

Series A

On October 31, 2016 Unbabel announced raising $5 million in series A funding from Shilling Capital Partners, Notion, Faber Ventures, Caixa Capital, and Errol Damelin. At the time of receiving their series A funding Unbabel managed to land clients such as Microsoft, Zendesk, Salesforce, Pintrest, and Skyscanner.

Series B

On January 11, 2018 Unbabel announced raising $23 million in series B funding from Scale Ventures Partners (lead investor), Samsung NEXT, Salesforce Ventures, Notion, M12, FundersClub, and Caixa Capital. Nick Nigam, principal at Samsung NEXT, made the following statement about Unbabel following the companies series B round:

We are attracted by technologies that break down geographic barriers. Unbabel, with its ever decreasing cost per word, is enabling borderless communication in a professional, scalable, and affordable manner.
Series C

On September 23, 2019 Unbabel announced raising $60 million in series C funding from Point72 Ventures (lead investors), Structure Capital, e.ventures, Samsung NEXT, Scale Venture Partners, Notion, M12, Indico Capital Partners, Greycroft, and FundersClub. The company plans on using their series C funding to increase its growth in the United States, Europe, and Asia. It also wants to increase the capabilities of its AI by building an AI research lab in Pittsburgh.

Timeline

September 23, 2019
Unbabel raises a $60,000,000 series C round from Point72 Ventures.
September 2019
Unbabel raises a $60,000,000 series C round from Caixa Capital, E.ventures, Faber Ventures, FundersClub, Greycroft, Indico Capital Partners, M12, Notion Capital, Point72 Ventures, Samsung NEXT, Scale Venture Partners and Structure Capital.
January 2018
Unbabel raises a $23,000,000 series B round from Caixa Capital, FundersClub, Microsoft Ventures, Notion Capital, Salesforce Ventures, Samsung NEXT and Scale Venture Partners.
July 18, 2014
Unbabel raises a $1,500,000 seed round from Matrix Partners, Shilling Capital Partners and Wefunder.

Funding rounds

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News

Title
Author
Date
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Description
Ram Iyer
August 2, 2021
TechCrunch
Most startups and scaleups are used to fast-paced resourcing and R&D cycles designed specifically for product development. However, there is no rushing academic-style research.
Dan Taylor
April 14, 2021
Tech.eu
Portugal's flexible compensation solution Coverflex has raised €5 million in pre-seed funding and seeks to reduce corporate costs and maximise employee's earning potential. The raise was led by Breega, and saw participation from the 200M Fund and unnamed Portuguese angel investors. The funding is expected to fuel international rollout and recruitment efforts. "The way we [...]
Natasha Lomas
September 25, 2019
TechCrunch
Unbabel, a Lisbon-based startup that's built a platform for translating customer service messages at scale by combining the speed of machine translation with native (human) speaker nuance and expertise, has closed a $60 million Series C round. The investment was led by Point72 Ventures, with participation from e.ventures, Greycroft, and Indico Capital Partners. The 2013-founded startup [...]

References

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