Lithuanian interpretation platform Interactio raises $30 million A round
Vilnius-headquartered remote interpretation platform Interactio, which saw its sales grow 12-fold in 2020 thanks to the lockdowns around the world, said it has raised $30 million in one of the largest Series A rounds ever in the Baltic countries.
“Our vision is to break down language barriers and make professional interpretation available to everyone. It has been fantastic to support the world’s leading institutions and enterprises to operate on a full hybrid or remote basis.” Interactio CEO and co-founder, Henrikas Urbonas
The new investment comes from global VC firms Eight Roads Ventures and Storm Ventures, with participation from Practica Capital, Notion Capital, Change Ventures and some known angels such as Jaan Tallinn and Young Sohn.
Storm Ventures promotes Pascale Diaine and Frederik Groce to partners
Storm Ventures, a venture firm that focuses on early-stage B2B enterprise startups, announced this week that it has promoted Pascale Diaine and Frederik Groce to partners at the firm.
The two new partners have worked their way up over the last several years. Groce joined Storm in 2016 and has invested in enterprise SaaS startups like Workato, Splashtop, NextRequest and Camino. Diaine joined a year later and has invested in firms like Sendoso, German Bionic, InEvent and Talkdesk.
Groce, who is also a founder at BLCK VC and helped organize the Black Venture Institute to create a network of Black investors, says that these promotions show that venture needs to be more diverse, and Storm recognizes this. “If you think about the way our team works, that’s the way I think venture teams will need to work to be able to be successful in the next 40 years. And so the hope is that over time everyone does this and we’