Being one of the first batch of NUSRI's incubatees, Patsnap has closed its Series D investment round led by Sequoia Capital and Shunwei Capital, with participation from Qualgro. The company closed US$38 million from the three investors, taking PatSnap's total funding to date to over US$100 million.
Patsnap was founded in Singapore in 2007 and started its incubation at NUSRI. Under the nurturing of BLOCK71 Suzhou, Patsnap has grown up into the world's leading provider of research and development (R&D) analytics. Recently, it was also nominated as a unicorn cultivating company by Suzhou Industrial Park Administrative Committee (SIPAC), making it the flagship start-up in SIP. At present, the company has served more than 8000 world famous clients over 50 countries, and has offices in the UK, USA, Singapore and China.
Jeffrey Tiong, founder and CEO of PatSnap, said:“We have recently made a number of strategic leadership appointments across US, Europe and Asia, and find ourselves in a very strong position to grow into different countries and industries, and develop even more innovative solutions for our clients."