Interprefy announces closing of financing round

The Zurich-based operator of a cloud-based platform for remote simultaneous interpreting, Interprefy, recently raised CHF 850,000 in a private placement round.

According to CEO Kim Ludvigsen, the capital increase is structured as a convertible loan, investors include two existing shareholders and three new private investors. The investment values the company at CHF 6m pre-money. Kim Ludvigsen further stated the funding will be spent on improving the platform and on expanding the customer base.

Interprefy provides a cloud-based platform for remote interpreting of conferences and similar events. The Swiss start-up evolutionizes interpreting by combining modern technology and traditional equipment, thus making interpretation services more affordable, easier to use and more flexible. The platform can be combined with existing infrastructure such as on-site audio systems but it is also possible that audience and speakers use only their smartphones, tablets or laptops to listen to the remote interpreter. The service is particularly suitable for small and medium-sized events, such as seminars, workshops, sales meetings or for large conferences with only a few delegates in need of interpreting services.

Interprefy is not an interpreting agency; rather, the company works with established language service providers and technical partners worldwide to provide the necessary support before and during an event.


Picture: Cybrain /