SoftBank Vision Fund 2 and Tencent have co-led the intellectual property management platform’s series E round, which reportedly valued it at over $1bn.

Singapore-headquartered innovation data aggregator PatSnap received $300m yesterday in a series E round co-led by telecommunications and internet conglomerate SoftBank’s Vision Fund 2 and internet group Tencent.

Venture capital firms Sequoia Capital China, Shunwei Capital and Vertex Ventures also participated in the round, as did CPE Industrial Fund, a vehicle for state-backed investment bank Citic Group’s Citic Private Equity Funds Management subsidiary.

Founded in 2007, PatSnap operates an artificial intelligence (AI)-equipped data analytics platform that collects information from various sources…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
Email LinkedIn