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Interprefy closes funding round at CHF 4m valuation

Zurich, Switzerland - 16 September 2016: Zurich-based Interprefy raised CHF 0.525m (USD 0.54m) over the summer, CEO Kim Ludvigsen told Slator. Interprefy is looking to muscle in on the market for simultaneous interpretation, replacing expensive onsite interpretation equipment with an app on participants’ smartphones, tablets, or computers.

The investment values the startup at CHF 4m, pre-money. The round closed at the end of July 2016. In early August, former CLS Communication CEO Matthias Trümpy joined Interprefy’s board of directors. Interprefy’s five full-time staff are supported by a “very active board,” Ludvigsen said.

The round was a private placement underwritten by two investment bankers from Zurich, who invested as private individuals, according to Ludvigsen. The investment will go toward improving and fine-tuning the platform, as well as accelerating business development.

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Interprefy provides remote interpreting for events and meetings. Its platform revolutionises simultaneous interpreting by replacing old hardware with a cloud-based solution so that interpreters can deliver their services without needing to be onsite, while event participants can simply listen to the language of their choice through their smart phones.

Because you don’t need to fly in interpreters, pay for hotels and organize for interpreting equipment to be installed, you’ll enjoy the stress-free and cost-effective premium service offered by Interprefy.

Scalability and flexibility are at the core of all Interprefy’s products. Maybe your event is in a remote location. Perhaps you require specialist interpreters with an in-depth knowledge of your industry. It might be that you have your own preferred interpreters. In any case, we’ve got it covered.

Interprefy is loved by world leading enterprises, international organizations and not-for-profits across the globe. Because Interprefy partners with leading language service providers the best interpreting talent for any mix of languages, including rare languages, can be sourced.

interprefy.com | Remote simultaneous interpreting -- Anytime. Anywhere.

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