# lengoo

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

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.lengoo.com
- Total disclosed funding: $27M
- Latest round: Series B (Aug 24, 2022)
- Investors on record: 7

## About

Based in Berlin, Germany, lengoo GmbH offers custom language models powered by generative AI technology to enhance content creation, translation, and knowledge discovery for various organizations.Founded in 2014, lengoo GmbH is a Berlin-based company that specializes in generating tailored content solutions using advanced AI technology. The company has successfully closed 5 funding deals, with its most recent one being a Series B round of USD 20.00 mn led by Inkef on February 1, 2024. The current valuation of the company stands at USD 121.703 mn. The founders, Alexander Gigga and Christopher ???, established a firm focused on improving translation and content workflows in various industries.Lengoo specializes in providing custom language models powered by generative AI technology, designed to enhance content creation, translation, and knowledge discovery within organizations. Their core offerings facilitate the generation of various types of written material—from product descriptions to email responses—by tailoring content to an organization’s specific voice and style. Utilizing state-of-the-art Retrieval Augmented Generation (RAG), Lengoo's models can efficiently access and employ information from extensive document databases. These products serve a diverse client base across multiple industries, including enterprises that require high-quality translations in over 50 languages and organizations seeking to streamline their content workflows. Lengoo's services are available in various geographical markets, including Europe and North America, catering to businesses looking to leverage proprietary data for competitive advantages in their respective fields.Lengoo generates revenue through a subscription-based model, where clients pay for access to its generative AI suite of services, tailored to meet their specific content and translation needs. These transactions primarily occur in a B2B context, with enterprises engaging Lengoo to improve internal communication and automate content production processes. The company offers various pricing plans based on the services utilized, allowing organizations to choose packages that align with their operational requirements. Clients benefit from a streamlined approach to deploying custom language models, ensuring that they receive continuous updates and improvements in their AI capabilities. This transactional structure allows Lengoo to maintain strong relationships with businesses seeking to optimize their use of generative AI while adhering to industry standards for data security and compliance.In February 2024, lengoo GmbH filed for bankruptcy. As a result, there are currently no disclosed plans regarding new products or market expansion. The recent funding raised may have been intended to support ongoing operational costs and stabilize the business structure, but specific strategies are not available due to the circumstances surrounding the bankruptcy.

## Funding rounds

- Series B, Aug 24, 2022 — Creathor Ventures, Inkef, Redalpine, Polipo Ventures
- Series B, Jan 19, 2021, $20M — Inkef, Techstars, Redalpine, Polipo Ventures
- Series A, Aug 1, 2019, $6.7M — Creathor Ventures, Piton Capital, Redalpine
- Seed, Jun 1, 2016 — TechStars, Techstars, HOWZAT Partners

## Investors

- TechStars (https://capitalatlas.ai/funds/techstars) — Seed, Series B
- HOWZAT Partners (https://capitalatlas.ai/funds/howzat-partners) — Seed
- Creathor Ventures (https://capitalatlas.ai/funds/creathor-ventures) — Series A, Series B
- Piton Capital (https://capitalatlas.ai/funds/piton-capital) — Series A
- Redalpine (https://capitalatlas.ai/funds/redalpine) — Series A, Series B
- Inkef (https://capitalatlas.ai/funds/inkef) — Series B
- Polipo Ventures (https://capitalatlas.ai/funds/polipo-ventures) — Series B