Copenhagen-based PatentRenewal has secured €1 million in funding from The Export and Investment Fund of Denmark (EIFO) to bolster its IP management solutions. This investment complements the €2 million seed funding from Vendep Capital in February 2023. The company specializes in simplifying the patent renewal process for IP owners and law firms, offering transparency and cost-effectiveness. With this new funding, PatentRenewal plans to accelerate its global expansion efforts, focusing on new markets such as the US and Europe, while also enhancing its software platform to further streamline IP management processes.
PatentRenewal provides innovative IP management solutions, revolutionizing the way patent owners and law firms handle their intellectual property. The company’s digital platform offers a transparent, user-friendly approach to patent renewal, eliminating unnecessary complexities and costs associated with traditional processes. PatentRenewal.com’s software streamlines IP management, ensuring efficient and cost-effective management of patents, designs, utility models, and soon trademarks, catering to over 1500 clients globally.
With the new funding, PatentRenewal plans to expand its global reach, particularly in new markets like the US and other European countries. The company will focus on enhancing its inbound efforts, optimizing internal processes, and improving its software tool to make it more accessible and visible to a wider audience.
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Originally published on ArcticStartup : Original article