What is Patsnap?
PatSnap is a premier provider of research and development (R&D) analytics software, designed to analyze trends, foster innovation, aid in market planning, and enhance competitor intelligence. Established in 2007, PatSnap's platform is utilized by R&D, business, and IP professionals across thousands of commercial and not-for-profit organizations globally, including notable entities like NASA, the Department of Defense, China Mobile, Goodyear, and Vodafone. With a strategic presence in the UK, USA, Singapore, and China, PatSnap offers comprehensive tools for maximizing return on IP assets.
How much funding has Patsnap raised?
Patsnap has raised a total of $351.6M across 4 funding rounds:
Series A
$3.6M
Series B
$10M
Series D
$38M
Series E
$300M
Series A (2014): $3.6M with participation from Vertex Holdings and Accel-X
Series B (2015): $10M led by Summit Partners
Series D (2018): $38M, investors not publicly disclosed
Series E (2021): $300M featuring Vertex Ventures, Shun Wei Capital, Sequoia China, CPE Industrial Fund, Tencent Investment, and SoftBank Vision Fund 2
Key Investors in Patsnap
Vertex Ventures
Vertex Ventures US is an early-stage venture capital firm that supports founders creating a smarter digital economy through B2B software. They focus on partnering with and investing in early-stage infrastructure and SaaS companies, leveraging their experience as former founders and operators.
Sequoia China
Sequoia Capital in India currently manages funds capitalized at close to USD 1.4 billion and invests across venture, growth, and late stage opportunities. It takes a long-term view on investments and plays the role of an active, value-added partner to entrepreneurs, business families and management teams.
Summit Partners
Founded in 1984, Summit Partners is an equity investment company that invests in entrepreneurial companies. They are headquartered out of Boston, Massachusetts.
What's next for Patsnap?
The recent major strategic investment in PatSnap signals a pivotal phase for the company, likely aimed at accelerating product development, expanding its global market reach, and enhancing its competitive edge in the R&D analytics space. This infusion of capital, following a history of significant funding rounds, positions PatSnap to further solidify its leadership. Future initiatives may include deeper integration of AI-driven insights, strategic partnerships, and continued expansion into key international markets to support its diverse clientele, which ranges from government agencies to multinational corporations.
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