About TurboPatent
TurboPatent is a company based in Seattle (United States) founded in 2010 was acquired by Rowan Patents in June 2018.. TurboPatent has raised $12.46 million across 5 funding rounds from investors including Rowan Patents and Voyager Capital. The company has 23 employees as of December 31, 2021. TurboPatent operates in a competitive market with competitors including PatSnap, Questel, Anaqua, Patlytics and TechInsights, among others.
- Headquarter Seattle, United States
- Employees 23 as on 31 Dec, 2021
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Sectors
Professional & Legal Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Turbopatent Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$12.46 M (USD)
in 5 rounds
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Latest Funding Round
$2.97 M (USD), Series A
Dec 27, 2018
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Investors
Rowan Patents
& 1 more
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Employee Count
23
as on Dec 31, 2021
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Acquired by
Rowan Patents
(Jun 01, 2018)
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Funding Insights of TurboPatent
TurboPatent has successfully raised a total of $12.46M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $2.97 million completed in December 2018. 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 5
- Last Round Series A — $3.0M
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First Round
First Round
(05 Aug 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Series A - TurboPatent | Valuation |
investors |
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| Feb, 2018 | Amount | Series A - TurboPatent | Valuation |
investors |
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| Apr, 2017 | Amount | Seed - TurboPatent | Valuation |
investors |
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| 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 TurboPatent
TurboPatent has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Rowan Patents and Voyager Capital. 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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Early-stage US tech investments are managed by Voyager Capital.
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Founded Year | Domain | Location | |
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Online platform for IP management using AI and automation.
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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 TurboPatent
| 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 - TurboPatent
| 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 |
Turbopatent Comparisons
Competitors of TurboPatent
TurboPatent 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 PatSnap, Questel, Anaqua, Patlytics and TechInsights, 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 |
Patent analytics and management software platform is provided.
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| 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 |
Data and insights on intellectual property are provided.
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| domain | founded_year | HQ Location |
Document redaction software is supplied for sensitive data management.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about TurboPatent
When was TurboPatent founded?
TurboPatent was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Where is TurboPatent located?
TurboPatent is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is TurboPatent a funded company?
TurboPatent is a funded company, having raised a total of $12.46M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.45M, raised on Aug 05, 2015.
How many employees does TurboPatent have?
As of Dec 31, 2021, the latest employee count at TurboPatent is 23.
What does TurboPatent do?
TurboPatent was founded in 2010 in Seattle, United States, within the legal technology sector. An automated platform for patent application production and prosecution is offered, which streamlines filing processes and documentation. Time and costs for attorneys are reduced through automation of labor-intensive tasks, while legal quality is enhanced. The SmartShell product is utilized by paralegals to accelerate responses to office actions and minimize errors.
Who are the top competitors of TurboPatent?
Who are TurboPatent's investors?
TurboPatent has 2 investors. Key investors include Rowan Patents, and Voyager Capital.