CHF 2.875 funding will be used to increase sales headcount internationally, for further product development and marketing
Zurich, Switzerland – 28 May 2019: Interprefy, the world’s number one remote simultaneous interpreting platform, today announced it has completed its sixth funding round totalling CHF 2.875m. Recognised for its environmentally-friendly solution, Interprefy has been offered a Swiss government-backed loan of CHF 1.15m, known as Bürgschaft, from the Technologiefonds, operated by BAFU, the Federal Office for the Environment. The company raised a further CHF 1.725m from multiple Swiss-based investors, bringing the Interprefy’s post-money valuation to CHF 21m.
The new investment round will enable Interprefy to further capitalise on its position as the leader in the growing remote simultaneous interpreting industry. The capital will drive further international expansion. So far in 2019, Interprefy has appointed four new sales representatives in the APAC region and a further two in Europe, bringing its sales headcount to 16. The company will also invest further in marketing as well as new product innovation, a key area of focus for Interprefy, which will enable new features and services for both interpreters and end users.
“We are addressing the challenge of connecting multinational audiences more competitively without compromising on quality,” said Kim Ludvigsen, Founder and CEO of Interprefy. “But the benefits of remote simultaneous interpreting go way beyond financial savings. Our platform is helping events and meetings organisers to reduce hours of administration and significantly cut their carbon emissions by removing the need for interpreters’ travel and accommodation. We are honoured to work with some of the most talented conference-level interpreters in the world, thanks to our network of language service providers. And, as remote interpreting increases in popularity, we will continue to expand our partner network.”