Founded in 2007 in Singapore, PatSnap now operates its patent search platform from its London headquarters. Collating research and development data globally, it has 8,000 customers including universities, energy companies, lawyers and pharmaceutical researchers. Clients use the data to analyse trends, identify new research opportunities and conduct competitor analysis. In June PatSnap raised $38m in a round led by existing investors Sequoia and Shunwei Capital, bringing its total raised to more than $100m. Founder and chief executive Jeff Tiong, 34, oversees operations across offices in China, Singapore, the UK and America. Sales reached £18m last year.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.