When was Phrase founded?

Phrase was founded in 2012 and raised its 1st funding round 11 years after it was founded.

Where is Phrase located?

Phrase is headquartered in Prague, Czech Republic.

How many employees does Phrase have?

As of Jul 01, 2024, the latest employee count at Phrase is 21.

Is Phrase a funded company?

Phrase is a funded company, having raised a total of $***** in its 1st and only funding round, a Venture Debt round on Jul 19, 2023.

When was the latest funding round of Phrase?

Phrase's latest funding was a $***** Venture Debt round on Jul 19, 2023, with participation from 1 investor.

Where does Phrase rank among its competitors?

Phrase ranks 1st amongst 33 active competitors, of which 4 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Phrase, which secured $13.5M in Jul, 2023.

Who are the top competitors of Phrase?

Phrase's top competitors include Lingoport, Rian and I WANT AN ELEPHANT. Among them, Phrase secured the most recent funding round in July, 2023.

Phrase - 2026 Company Profile, Team, Funding, Competitors & Financials

Phrase is an acquired company based in Prague (Czech Republic), founded in 2012 by Wolfram Graetz and Tobias Schwab. It operates as a Cloud-based software products for translation management. Phrase has raised an undisclosed amount in funding. The company has 33 active competitors, including 4 funded and 3 that have exited. Its top competitors include companies like Lingoport, Rian and I WANT AN ELEPHANT.

Company Details

Cloud-based software products for translation management. It automates translation workflows, allowing for project management and streamlined processes. It provides proofreading workflows, user roles and access control, email and In-app notifications, activity tracking, comments and mentioning, autopilot checks, source copy editing, search and key tagging, translation memory, in-context editor for web, history, glossary, and screenshots. It includes customizable analytics dashboards that provide insights into workload, vendor performance, costs per language, savings from machine translation, and more.

Website: phrase.com
Social
Email ID: *****@phrase.com
Phone Number: +49 **********

Key Metrics

Founded Year

2012

Location

Prague, Czech Republic

Stage

Acquired

Latest Funding Round

Venture Debt, Jul 19, 2023, $*****

Investors

Canadian Imperial Bank of Commerce

Ranked

1^st among 33 active competitors

Employee Count

21 as on Jul 01, 2024

Similar Companies

UiPath & 1055 more

Exit Details

Acquired by Memsource (Jan 22, 2021)

View Phrase's full profile

Phrase is associated with 8 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
Phrase GmbH CIN: HRB109537 , Germany, Active	May 14, 2009	-	-
Memsource German BidCo GmbH CIN: HRB166754 , Germany, Active	Jan 22, 2021	-	-
Phrase a.s. CIN: 24707139 , Czech Republic, Active	Aug 02, 2010	-	-
Fraza studio s.r.o. CIN: 29051894 , Czech Republic, Active	Mar 11, 2010	-	-
Blitz 20-690 GmbH CIN: HRB261206 , Germany, Active	Mar 14, 2009	-	41 (As on Dec 31, 2019)
PHRASE UK LTD CIN: 13309739 , United Kingdom, Active	Mar 31, 2021	-	37 (As on Jan 31, 2025)
VERTALA PLUS s.r.o. CIN: 03462056 , Czech Republic, Active	Oct 30, 2014	-	-
Dynport GmbH CIN: HRB109537 , Germany, Active	May 14, 2009	-	41 (As on Dec 31, 2019)

Phrase got acquired by Memsource and The Carlyle Group on Jan 22, 2021. It was facilitated by White & Case.

Click here to take a look at Phrase's acquisition in detail

Phrase has raised funding over 1 round. Its latest funding round was a Venture Debt round on Jul 19, 2023 for $*****. 1 investor participated in its latest round. Phrase has 1 institutional investor.

Here is the list of recent funding rounds of Phrase:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 19, 2023	3105583	Venture Debt	4945169	8745393	7604775	5481453

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View details of Phrase's funding rounds and investors

The founders of Phrase are Wolfram Graetz and Tobias Schwab.

Here are the details of Phrase's key team members:

Wolfram Graetz: Co-Founder & CEO of Phrase and founder of 1 other company.
Tobias Schwab: Co-Founder of Phrase and founder of 1 other company.

View details of Phrase's Founder profiles and Board Members

Phrase's employee count trend

Phrase has 21 employees as of Jul 24. Here is Phrase's employee count trend over the years:

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Top competitors of Phrase include Lingoport, Rian and I WANT AN ELEPHANT. Here is the list of Top 10 competitors of Phrase, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Phrase 2012, Prague (Czech Republic), Acquired	Cloud-based software products for translation management	-	Canadian Imperial Bank of Commerce	58/100
2nd	Lingoport 2001, Boulder (United States), Unfunded	Provider of internationalization software and consulting services	-	-	42/100
3rd	Rian 2019, Pune (India), Unfunded	AI-powered voiceovers and translations dissolving language barriers globally	-	-	41/100
4th	I WANT AN ELEPHANT 2016, Stuttgart (Germany), Unfunded	App store automation, localization, translation and upload for developers	-	-	36/100
5th	Tinkeron.com 2006, Pune (India), Unfunded	Error: Active domain connection for this domain not found	-	-	30/100
6th	GlobeChat 2015, San Juan Capistrano (United States), Public	Multilingual communication platform providing instant translation for global organizations	$1M	-	27/100
7th	Translation Exchange 2015, San Francisco (United States), Seed	SaaS based application localisation tool	-	Amplify, Canyon Creek Capital & 1 others	26/100
8th	Tmxmall 2014, Yangpu (China), Series A	Multi-language translation management tool	$2.68M	-	25/100
9th	POEditor 2012, Jeffersonville (United States), Unfunded	Translation management system for seamless software localization and global expansion	-	-	24/100
10th	Localizely 2018, Novi Sad (Serbia), Unfunded	Provider of a cloud-based software localization platform for mobile and web applications	-	-	24/100