SoftBank Sees Promise in IP Analytics Firm Patsnap
Posted on 03/17/2021
Patsnap Pte. Ltd. is a Singapore-based IP analytics platform. Patsnap raised US$ 300 million in Series E funding. SoftBank Vision Fund II and Tencent Holdings Limited co-led, and were joined by CITIC Group (CITIC Industrial Fund), Sequoia Capital China, Xiaomi founder Lei Jun’s Shunwei Capital, and Vertex Ventures (owned by Temasek Holdings).
In 2007, Jeffrey Tiong launched PatSnap in Singapore to build a global patent search database. PatSnap operates under the brand Zhihuiya in China.