Interactio provides digital tools that link meetings with certified interpreters for real-time interpretation, and also offers a video-conferencing product that integrates with platforms like Zoom and Webex. The platform supports hybrid events where interpreters can work on-site, remotely, or in a mix, and it partners with hardware manufacturers to bridge on-site and online participants. Last year its tools were used alongside 43 different video streaming platforms; it hosted 18,000+ meetings with 390,000 listeners across more than 70 countries and works with 1,000+ freelance interpreters. Usage grew 12x between 2019 and 2020 amid the pandemic-driven shift to online events. The company says it is already profitable. Interactio plans to use new funding to enhance its tech and UX/UI, upgrade tools for interpreters, expand its client base into more corporate and public customers, and grow its team and interpreter pool. Interactio offers a simultaneous-translation mobile app designed to fully replace interpretation hardware at live events. The company is described as Lithuania’s Interactio and is led by CEO and co-founder Henrikas Urbonas. In May 2017 Interactio raised €580K from Change Ventures, Kima Ventures, Practica Capital and two business angels. Management says the investment will be used to scale the business in target geographies and to hire strong talent. The article links the deal to Startup Lithuania’s facilitation of meetings at the LOGIN Startup Fair, where Change Ventures first connected with the team. No operating metrics were disclosed in the article. Interactio develops a mobile simultaneous translation solution that replaces traditional simultaneous-translation hardware by routing interpreter audio to attendees’ phones and tablets via an app while interpreters remain in a booth. The system connects a computer to a venue’s sound system so users can listen on personal devices. Interactio has been partnering with TEDx conferences and was named among the top 10 innovations at the IBTM World trade show. The company’s CEO, Henrikas Urbonas, has framed the product as a way to prevent quality content loss at conferences caused by language barriers and to reduce the expense of current hardware. The article reports Practica Capital’s investment and notes Practica views Interactio as an innovative company with strong growth potential.

Total raised

$31M

Funding rounds

3

Latest round

Series A

Latest activity

May 2021