# TouchType

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

- Industry: Software
- Headquarters: London, UK
- Website: www.swiftkey.com
- Total disclosed funding: $21M
- Latest round: Series B (Sep 4, 2013)
- Investors on record: 4

## About

TouchType Ltd. develops Microsoft SwiftKey, a keyboard application that enhances typing for mobile devices. It leverages machine learning to provide personalized text input, autocorrection, and multilingual support, catering to a diverse user base on Android and iOS.Founded in 2008 in London, UK, TouchType Ltd. specializes in mobile keyboard technology. The company was acquired by Microsoft in February 2016 for USD 250 million. Jon Reynolds serves as both the CEO and founder, having previously established other ventures in technology.Microsoft SwiftKey is renowned for its advanced keyboard solution designed for mobile devices. The application, launched in 2010, offers fast text input, intelligent autocorrection, and personalized word predictions based on the user’s writing style. It supports multiple languages simultaneously and features customizable tools, enhancing user productivity and interaction. SwiftKey has gained significant traction in North America, Europe, and Asia, appealing to both individual users and organizations seeking efficient communication solutions.In 2023, Microsoft SwiftKey reported a revenue of USD 53,492.90 and an EBITDA of USD -8,646.60, showcasing its operational performance in the mobile keyboard market.TouchType Ltd. aims to capitalize on expanding its product offerings with new features tailored to user feedback, targeting a launch by the end of 2024. The company plans to penetrate additional markets in Asia and South America to broaden its user base by 2025. The acquisition by Microsoft will help facilitate this expansion, allowing access to significant resources and market reach.

## Funding rounds

- Series B, Sep 4, 2013, $18M — Accel, Index Ventures, Octopus Investments
- Series A, Aug 26, 2011, $2.4M — Cambridge Capital Group, Octopus Investments
- Seed, Aug 20, 2010, $1.3M — Cambridge Capital Group, Octopus Investments

## Investors

- Cambridge Capital Group — Seed, Series A
- Octopus Investments (https://capitalatlas.ai/funds/octopus-investments) — Seed, Series A, Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series B
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series B