Denver, CO (PRWEB) November 20, 2013
Collective IP, Inc., the 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 financing, bringing the total amount raised to date to $3.6 million. The funding was led by High Country Venture with follow-on participation by Techstars founder David Cohen, and additional individual investors.
"This round will enable us build out the next generation of our platform, based directly on feedback from our fast growing community of users,” says Adam Rubenstein, Founder and Chief Operating Officer. “With over one hundred 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. Our 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 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. Unlike other technology aggregation sources that often display dated, partial or static sets of assets, Collective IP offers the most dynamic, comprehensive and accurate catalog of technologies from global institutions and companies. The Collective IP platform allows for the most rapid and exhaustive identification of relevant opportunities, providing users with an unparalleled view of global licensing opportunities.
“In almost every industry, the ability to quickly identify, understand and acquire innovative technologies and invention is the key to opening up new markets and revenue streams,” said Chris Marks, Managing Director at High Country Venture. “The Collective IP platform represents a new paradigm in connecting buyers and sellers around global asset identification. We are very excited to be partnering with the Collective IP team as they bring this transformative platform to market.”
About Collective IP
Collective IP, Inc., the global leader in innovation intelligence, features the world’s most comprehensive and accurate organization of technologies emerging from universities, companies and research institutes. The Collective IP marketplace provides technology transfer and corporate licensing professionals with a unique asset marketing platform, and a novel search solution for business development professionals who focus on asset identification within companies and technology transfer organizations. The Collective IP platform provides unrivaled access to licensing and acquisition opportunities around the globe, saving time and money for those engaged in the opportunity identification of time decaying assets, due diligence, competitive intelligence and intellectual property strategy. For more information visit http://collectiveip.com
About High Country Venture
High Country Venture manages two venture capital funds (Colorado Fund I and II) investing in early stage growth companies located in Colorado. HCV has approximately $50 million under management and is affiliated with Tango, a private investment company located in Boulder, Colorado. For more information visit http://highcountryventure.com/