Speaksee funding news – Rotterdam-based Speaksee Secures Over €1Million in Fresh Funding

The software solves the problem that deaf and hard-of-hearing individuals encounter in both private and professional contexts: it can be challenging to follow conversations involving several persons, which can result in information being overlooked.

Read Also - LioniX International funding news – Enschede-based LioniX International Raises €1.5Million in bridge Funding

It was able to attract €800K from angel investors through Rabobank's Money Meets Ideas network, NoorderImpact, and the founders of DataSnipper. Furthermore, convertible loans of €240K that had previously been raised were converted to stock. Zebra Legal and Generous Minds provided investment for the round.

Sjoerd Zijlstra of NoorderImpact, says, “Speaksee matches very well with our goal to empower excluded groups in social situations. Its team is driven and has a strong connection to the target group. Therefore, we can’t think of a better company to make this initiative successful.”

Gerard de Gooijer, Senior Advisor Business Management Domain ICT at the Dutch Ministry of the Interior and Kingdom Relations, says, “At the central government, we are very excited about the use of Speaksee and see significant benefits. Whereas on average no more than 10 to 12 per cent of people with a disability moved on to permanent employment after their trial placement, this percentage has increased to about half thanks to the use of inclusive technology. Additionally, it also significantly increases the advancement opportunities in their career.”

Due to their beneficial assistive device reimbursement policies, the UK, Switzerland, Denmark, and Norway have been selected as the countries into which Speaksee will expand. Additionally, Speaksee is considering growing into Germany.

The business will also continue to advance its technology by utilising AI-based subtitling and translation to improve accessibility in a variety of venues, including churches, funeral homes, conferences, theatres, and lectures. Additionally, Speaksee is developing additional apps to increase accessibility for non-native speakers.

Speaksee’s founder Hazelebach, says, “NoorderImpact is one of the few investors that has included social inclusion as a company pillar. We are extremely pleased with the confidence of our financiers in us and our technology. The funding raised brings us one step closer to our goal: a society where everyone can actively participate in conversations and interaction, in any situation.”

About Speaksee

Enabling everyone to participate in conversations is the company's clear mission statement, according to Speaksee. Their group comprises enthusiastic engineers, designers, and marketers who favour ability over disability. Their goal is to enable individuals to reach their full potential via the use of technology.