SwiftKey, a London, UK-based language technology company, raised $17.5m (approximately £11.3m) in Series B funding.
The round was led by Index Ventures, with participation from existing investors Octopus Investments and some angel investors including Nick Hynes and Carl Uminski (Somo), Jon Craton (previously Cramer Systems), and the Cambridge Capital Group.
The company intends to use the funds to further develop its technology, grow its product portfolio into significant new areas, and continue to expand in North America, where it already has an office in San Francisco, and Asia, where it has an office in Korea and a staff presence in China and Japan.
Following the funding, Co-founder and CEO Jon Reynolds is relocating to San Francisco to oversee the company’s US rollout.
Founded in 2008 by Reynolds and and Dr Ben Medlock, SwiftKey provides a keyboard app for Android’s Google Play and licenses its technology to several OEMs, including Samsung. The company, which had previously received $4m (£2.5m) in equity funding, currently employs 100 people.
07/12/2011: TouchType Raises £1.5M in Series A Funding