About PatSnap
PatSnap is a company based in Singapore (Singapore) founded in 2007 by Ray Chohan, Guan Dian, and Jeffery Tiong.. PatSnap has raised $351.6 million across 6 funding rounds from investors including Tencent, SoftBank Vision Fund and Vertex Ventures SG. PatSnap offers products and services including Patsnap AI, Patsnap Eureka, Synapse Bio, and Synapse Chemical. PatSnap operates in a competitive market with competitors including Questel, Anaqua, Patlytics, Innography and RPX Corporation, among others.
- Headquarter Singapore, Singapore
- Founders Ray Chohan, Guan Dian, Jeffery Tiong
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Sectors
Professional & Legal ServicesTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
$38.05 M (USD)16as on Dec 31, 2022
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Net Profit
$-171.6 K (USD)95as on Dec 31, 2022
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EBITDA
$-171.6 K (USD)95as on Dec 31, 2022
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Total Equity Funding
$351.6 M (USD)
in 6 rounds
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Latest Funding Round
$300 M (USD), Series E
Mar 16, 2021
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Investors
Tencent
& 8 more
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Employee Count
Employee Count
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Products & Services of PatSnap
PatSnap offers a comprehensive portfolio of products and services, including Patsnap AI, Patsnap Eureka, Synapse Bio, and Synapse Chemical. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for analyzing patents and prior art to aid decision-making
Platform for materials discovery and innovation acceleration
Tool for bio sequence analysis and research support
Service for chemical structure analysis and patent insights
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Funding Insights of PatSnap
PatSnap has successfully raised a total of $351.6M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $300 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series E — $300.0M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series E - PatSnap | Valuation | Tencent , SoftBank Vision Fund | |
| Jun, 2018 | Amount | Series D - PatSnap | Valuation | Shunwei Capital , HongShan | |
| Nov, 2016 | Amount | Series C - PatSnap | Valuation | HongShan |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PatSnap
PatSnap has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, SoftBank Vision Fund and Vertex Ventures SG. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and startups.
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Founded Year | Domain | Location | |
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Venture capital fund focused on mobile, internet, deep technology, rural internet, AI, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PatSnap
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PatSnap
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Patsnap Comparisons
Competitors of PatSnap
PatSnap operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Questel, Anaqua, Patlytics, Innography and RPX Corporation, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Intellectual property and innovation management solutions are provided by Questel.
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| domain | founded_year | HQ Location |
IP management platform is provided for patents and trademarks.
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| domain | founded_year | HQ Location |
AI-driven patent analytics and discovery are provided for law firms.
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| domain | founded_year | HQ Location |
Patent portfolios are managed and analyzed through specialized software.
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| domain | founded_year | HQ Location |
Patent Risk Solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Patsnap
Frequently Asked Questions about PatSnap
When was PatSnap founded?
PatSnap was founded in 2007 and raised its 1st funding round 6 years after it was founded.
Where is PatSnap located?
PatSnap is headquartered in Singapore, Singapore.
Who is the current CEO of PatSnap?
Jeffery Tiong is the current CEO of PatSnap. They have also founded this company.
Is PatSnap a funded company?
PatSnap is a funded company, having raised a total of $351.6M across 6 funding rounds to date.
What is the annual revenue of PatSnap?
Annual revenue of PatSnap is $38.05M as on Dec 31, 2022.
What does PatSnap do?
PatSnap was established in 2007 in Singapore within the intellectual property sector. Patent analytics and management software is delivered through the platform, enabling search and analysis functions for IP position management. Real-time monitoring of patent risks is facilitated to safeguard assets. Offerings encompass market and competitor data discovery, visualization tools, reporting features, and dataset management that integrates patent and legal information across operations.
Who are the top competitors of PatSnap?
What products or services does PatSnap offer?
PatSnap offers Patsnap AI, Patsnap Eureka, Synapse Bio, and Synapse Chemical.
Who are PatSnap's investors?
PatSnap has 9 investors. Key investors include Tencent, SoftBank Vision Fund, Vertex Ventures SG, CITIC Innovation Incubation Investment, and Shunwei Capital.
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