Thursday November 21, 2013 0 comments
DENVER - Collective IP, a global leader in innovation intelligence featuring the world's most comprehensive and accurate organization of technologies emerging from research institutes and companies, has completed a $2.5 million Series A round of financing, the company announced.
The funding, led by High Country Ventures with follow-on participation by Techstars founder David Cohen and individual investors, brings the total amount raised to date to $3.6 million.
"This round will enable us to build out the next generation of our platform, based directly on feedback from our fast-growing community of users," said Adam Rubenstein, company founder and COO.
"With over 100 Fortune 500 companies and technology transfer teams participating in the direction of Collective IP, each side of this marketplace is communicating the value of our platform."
Rubenstein said Collective IP's unique organization of global innovation connects buyers and sellers in the $100 billion-per-year technology licensing market.
"The next generation of our platform will include enhanced tools to quickly identify, analyze, manage and market new innovations and the people behind them."
Collective IP said it provides a novel search engine and a unique marketplace connecting business development with technology transfer and corporate licensing professionals around "the most valuable assets in the world."
The company said its platform allows for "the most rapid and exhaustive identification of relevant opportunities, providing users with an unparalleled view of global licensing opportunities."