Patentrenewal.com, a Copenhagen, Denmark-based provider of an automated patent renewal platform, raised €2M in funding.
The round was led by Vendep Capital.
The company intends to use the funds to expand their business development and sales team to enter new Western markets, adding new hires to the team in key positions.
Founded by Mads Viborg Jørgensen (CEO) and Jesper Juel Jensen (CCO) in 2017, PatentRenewal.com has developed a digital platform where patent owners can renew their patents, follow their renewals process in real-time, see different cost categories associated with their renewals, do forecasts, and keep track of their documents in one place.
In 5 years, the company has gained 1100+ patent owners from 40+ countries. Only in 2022, they grew by 230%, and broke even before the investment round.
FinSMEs
03/04/2023