PatSnap picks up $38m series D funding

The Vertex Ventures-backed firm has taken its lifetime fundraising past the $100m mark.

PatSnap, a UK-based R&D analytics business, has raised $38m in a Sequoia Capital and Shunwei Capital-led series D round which also featured venture capital firm Qualgro.

The company was backed in previous round by Vertex Ventures, the venture capital arm of Singaporean state investment bank Temasek. PatSnap has recently opened an R&D centre in Singapore as well as its first North American office in Los Angeles. The firm now plans to open an office in Toronto to serve clients on the east coast of the US.

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