# Interactio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/interactio

- Industry: Internet
- Headquarters: Vilnius, Lithuania
- Website: www.interactio.io
- Total disclosed funding: $30M
- Latest round: Series A (May 25, 2021)
- Investors on record: 6

## About

Interactio, Ltd is a technology company specializing in Remote Simultaneous Interpretation solutions that enhance multilingual communication for online and in-person events, serving a diverse clientele globally.Founded in 2014 by Domas Labokas and Henrikas Urbonas, Interactio, Ltd is headquartered in Vilnius, Lithuania. The company has raised GBP 21.00 mn in its latest Series A funding round on May 25, 2021, focusing on expanding its RSI platform and hiring new talent. It has completed a total of 3 deals to date.Interactio specializes in providing a Remote Simultaneous Interpretation (RSI) platform designed to facilitate multilingual communication during online, hybrid, and on-site events. The core offering enables organizations to conduct real-time interpretation across various languages, catering to a diverse clientele that includes over 2,000 non-profit organizations, NGOs, and houses of worship. The platform supports extensive features such as screen sharing, chat functionalities, and technical support to ensure seamless communication. Interactio's solutions are particularly valuable in corporate settings, where they address the need for effective interpretation services in international meetings and conferences. The company markets its products in various regions, focusing on global markets where there is a demand for multilingual event solutions, enhancing connectivity and inclusivity in communication.In the most recent fiscal year of 2022, Interactio generated revenue of GBP 8,863,556.30 with an EBITDA of GBP -10,044,149.30, indicating the company's financials amidst its growth trajectory in the interpretation services sector.Following its Series A funding round in May 2021, Interactio, Ltd plans to use the GBP 21.00 mn raised to support its growth, which was accelerated during the pandemic. The company aims to scale its operations, particularly hiring new staff in Lithuania, across Europe, and in the US. Additionally, Interactio intends to enhance its remote interpreter tools to improve the experience for both interpreters and event participants while expanding its market presence.

## Funding rounds

- Series A, May 25, 2021, $30M — Storm Ventures, Eight Roads Ventures, Notion Capital, Practica Capital, Change Ventures
- Seed, May 31, 2017, $0.7M — Kima Ventures, Practica Capital, Change Ventures
- Seed, Oct 1, 2016 — Practica Capital

## Investors

- Practica Capital (https://capitalatlas.ai/funds/practica-capital) — Seed, Series A
- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Change Ventures (https://capitalatlas.ai/funds/change-ventures) — Seed, Series A
- Storm Ventures (https://capitalatlas.ai/funds/storm-ventures) — Series A
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series A
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series A