PatSnap Valuation, Funding & Investors
PatSnap is valued at $15M as of August 2014.
Last PatSnap valuation
$15M
Series A · Aug 2014
Last PatSnap funding round
$300M
Series E · Mar 2021
Cumulative funding PatSnap raised
$352M
across 4 funding rounds
Key investors in PatSnap
HSG
Shunwei Capital
Vertex Ventures
SoftBank Group
Tencent
Global Brain Corporation
About PatSnap
PatSnap is a Singapore-headquartered AI-powered intellectual property and R&D intelligence platform founded in 2007, serving over 12,000 IP and R&D teams across 50 countries. The company aggregates global patent, licensing, litigation, and non-patent scientific literature into tools for patent analysis, drug discovery, materials science, and innovation intelligence, with customers including NASA, Vodafone, L'Oreal, MIT, and the National Institutes of Health. Its platform spans patent drafting, claims charting, freedom-to-operate searches, and dedicated solutions for life sciences and materials science research.
Founded
2007
HQ
SingaporeWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$15M (Aug 2014)
PatSnap Valuation
PatSnap is currently valued at $15M, based on its Series A in August 2014.
The $4M round was led by Vertex Ventures, with participation from Temasek, Accel X and Vertex Ventures Southeast Asia & India.
PatSnap valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2014 | Series A | $15M |
PatSnap Funding History
PatSnap has raised a total of $352M across 4 funding rounds.
PatSnap's first fundraising round was a $4M Series A in August 2014. The most recent completed round was a $300M Series E in March 2021.
PatSnap funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2021 | Series E | SoftBank Group (lead); Tencent (lead); Vertex Ventures; Shunwei Capital; HSG; CITIC Industrial Investment Group | $300M | - | PatSnap is an AI-powered IP and R&D intelligence platform headquartered in Singapore, serving over 12,000 IP and R&D teams across 50 countries with tools for patent analysis, drug discovery, materials science, and innovation intelligence. It secured a $300 million Series E funding round on March 16, 2021, led by SoftBank Vision Fund and Tencent, with participation from CITIC Industrial Investment Group, HSG (HongShan), Shunwei Capital, and Vertex Ventures, to scale its innovation intelligence platform and expand product development, sales, and technological capabilities. The company has raised a total of approximately $352 million across multiple rounds. In 2023, PatSnap achieved $100 million in annual recurring revenue (ARR), reflecting 20% year-over-year growth, highlighting strong demand for its expanded AI offerings including patent drafting, claims charting, freedom-to-operate searches, and solutions for life sciences and materials sciences. Its drug discovery and material discovery products have seen over 50% compound annual growth rate in the past three years, now serving over 200,000 users, with platforms like Synapse providing access to millions of data points from patents, clinical trials, literature, and organizations across 150 jurisdictions. PatSnap has transitioned to a subscription-based model achieving self-sustainability and profitability without heavy reliance on further funding, while continuing to invest in AI and exploring M&A opportunities to enhance its market position in the global IP and R&D intelligence sector. |
| Jun 2018 | Series D | HSG (lead); Shunwei Capital (lead); Qualgro VC | $38M | - | PatSnap is a Euro-Asian R&D analytics and patent intelligence platform that helps enterprises optimize research and development operations. The company combines data from patents, licensing, litigation, and company information with non-patent literature to provide actionable insights for R&D decision-making and product development. In June 2018, PatSnap closed a Series D funding round of $38 million led by Sequoia Capital and Shunwei Capital, with participation from Qualgro. All three investors had previously backed the company in 2016 during its Series C round. By the time of this Series D, PatSnap had raised over $100 million cumulatively since inception. The company claimed over 8,000 clients worldwide at this stage, with the United States as its largest revenue-generating market and China as its second-largest market with more than 4,500 clients. PatSnap employed approximately 700 staff across offices in London, China, Singapore, and Los Angeles, and planned to open a new development office in Toronto, Canada using proceeds from this round. The company addressed a $2.19 trillion global R&D market, positioning itself to help innovation leaders counter a reported 65 percent decline in R&D efficiency over the preceding 30 years. |
| Dec 2015 | Series B | Summit Partners (lead); Global Brain Corporation | $10M | - | PatSnap is an IP analytics and management SaaS platform that provides innovation intelligence to corporations, research institutions, and governments. Founded in 2007, the company aggregates global patent and intellectual property data to help customers research innovations, map competition, identify partnerships, and manage IP programs. PatSnap's customer base includes major organizations such as NASA, Vodafone, L'Oreal, MIT, and the National Institutes of Health across 40 different industries. In December 2015, Summit Partners led a $10 million growth investment in the company. The funding was intended to help PatSnap scale its business to meet growing demand for IP intelligence worldwide. This investment preceded PatSnap's later Series E round in March 2021, where the company raised $300 million at a valuation exceeding $1 billion, demonstrating substantial growth over the subsequent five years. |
| Aug 2014 | Series A | Vertex Ventures (lead); Temasek; Accel X; Vertex Ventures Southeast Asia & India | $4M | $15M | PatSnap, a Singapore-based innovation data aggregator and patents analytics platform founded in 2007, raised $3.6 million in a 2014 funding round led by Vertex Ventures, with participation from Accel-X and Temasek-owned Vertex Venture Holdings. The company operates an AI-equipped data analytics platform collecting information from patents, intellectual property, VC transactions, and mergers and acquisitions. This was described as its first major VC investment or Series A round when intellectual property data was nascent in Southeast Asia. Prior to the round, PatSnap started with a SGD 50,000 grant from NUS Enterprise and a student startup grant of SGD 55,000. The funding supported early development after founders Jeffrey Tiong and Dian Guan built the initial platform version. Vertex Ventures recognized potential in the founders' innovative approach to IP data mining. Subsequent rounds included a $10 million investment from Summit Partners, a Series C led by Sequoia Capital China in 2016, a $38 million Series D in 2018, and a $300 million Series E in 2021 co-led by SoftBank Vision Fund 2 and Tencent, achieving over $1 billion valuation. |
Who has invested in PatSnap?
12 investors have backed PatSnap across its funding rounds, including HSG, Shunwei Capital, Vertex Ventures, SoftBank Group, Tencent and Global Brain Corporation.
Lead investors include SoftBank Group, Tencent, HSG, Shunwei Capital, Summit Partners and 1 other investor.
PatSnap Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Singapore | 2 | Lead | Aug 2014 | |
 Beijing | 2 | Lead | Jun 2018 | |
 Hong Kong | 2 | Lead | Jun 2018 | |
| Singapore | 1 | Participant | Aug 2014 | |
 Tokyo | 1 | Participant | Dec 2015 | |
| Singapore | 1 | Participant | Jun 2018 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Accel X | Singapore | 1 | Participant | Aug 2014 |
| Singapore | 1 | Participant | Aug 2014 | |
| Tokyo | 1 | Lead | Mar 2021 | |
| Shenzhen | 1 | Lead | Mar 2021 | |
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Start Free TrialPatSnap Competitors
PatSnap competitors include listed companies like Insig AI and QuoteMedia, and private ones like Hudson Labs, Alkymi, DeFiner Labs and Nexis Network.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Toronto | Private | - | - | $15M | - | |
 New York City, NY | Private | - | - | $13M | - | |
| San Francisco, CA | Private | - | - | $15M | - | |
| Miami, FL | Private | - | - | $15M | - | |
 United Kingdom | Publicly listed | $711K | ($8M) | $18M | - | |
| United States | Publicly listed | $20M | $840K | $14M | 0.8x |
PatSnap Public Comps
PatSnap is still privately-owned, but its public comps include QuoteMedia, Nowigence, Beat Holdings, Teneo AI, Helport AI, Insig AI, OODA AI, Traders Club, Jianpu Technology and Ayfie International.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $20M | $840K | 0.9x | 0.8x | 21.0x | 42.3x | |||
| $43K | ($1M) | 376.9x | - | (14.6x) | - | |||
| $1M | ($3M) | 34.3x | - | (10.7x) | - | |||
| $9M | ($4M) | 5.1x | - | (10.6x) | - | |||
| $35M | $7M | 0.4x | - | 2.0x | - | |||
| $711K | ($8M) | 29.1x | - | (2.6x) | - | |||
| $3M | ($9M) | 3.4x | - | (1.2x) | - | |||
| $4M | ($15M) | 2.2x | - | (0.6x) | - | |||
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Common questions about PatSnap
| When was PatSnap founded? | PatSnap was founded in 2007. |
| Where is PatSnap headquartered? | PatSnap is headquartered in Singapore. |
| Is PatSnap publicly listed? | No, PatSnap is a private, VC-backed company. |
| What is PatSnap's valuation? | PatSnap was last valued at $15M in its Series A in August 2014. |
| How much funding has PatSnap raised? | PatSnap has raised $352M across 4 funding rounds. |
| What was PatSnap's last funding round? | PatSnap's last funding round was a $300M Series E in March 2021, led by SoftBank Group and Tencent. |
| Who are PatSnap's investors? | PatSnap's investors include Vertex Ventures, Shunwei Capital, HSG, Temasek, Global Brain Corporation, Qualgro VC, Accel X, Vertex Ventures Southeast Asia & India, SoftBank Group, Tencent and 2 others. |
| Which companies are comparable to PatSnap? | Companies comparable to PatSnap include Hudson Labs, Alkymi, DeFiner Labs, Nexis Network, Insig AI and QuoteMedia. |
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