– Lengoo, a language tech company from Berlin, raised USD 20M in Series B funding.
– The round was led by Inkef Capital with existing investors Redalpine, Creathor Ventures, and Techstars also participating alongside angel investors Matthias Hilpert and Michael Schmitt.
– New investors also include Polipo Ventures and Volker Pyrtek (former CPO of Deutsche Telekom).
– The company intends to use the funds to accelerate global expansion and advance the development of their proprietary NMT framework for ultra customization of neural machine translation models for the professional use case.