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Announced

SVF 2 and Tencent led a $300m series E financing round in PatSnap.

Financials

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Transaction Value£215m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Innovation Intelligence

Friendly

Minority

Acquisition

Innovation Intelligence

Cross Border

Online and Social Platforms

China

Venture Capital

Private Equity

Completed

Private

Synopsis

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SoftBank Vision Fund 2 and Tencent led a $300m series E financing round in PatSnap, an innovation intelligence platform provider. The round had with participation from CPE Capital and existing investors Sequoia China, Shun Wei Capital, and Vertex Ventures. “Our global footprint, leadership, and strategic position in the innovation economy have enabled us to attract top investors, customers, and talent. Adding Softbank Vision Fund 2 and Tencent to our notable roster of investors will help solidify PatSnap as the industry standard for innovation intelligence. Both have deep investment expertise with AI-led companies and proven track records supporting sustainable company growth,” Jeffrey Tiong, PatSnap Founder and CEO.

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