Clear IP raises $1.1M seed to speed up patent filing for founders

What's the deal? Clear IPDealroom has a profile for this one. Try Dealroom → has raised $1.1 million in a seed round to help founders and entrepreneurs protect their intellectual property. The round drew institutional investors, family offices, angelsDealroom has a profile for this one. Try Dealroom →, and angel investment groups.

What's the endgame? Clear IP is a technology platform that supports idea capture and strategic IP workflows. It combines an expert team, an Idea Capture app, and an online IP Manager to move innovators from idea to a complete US patent filing faster and cheaper than traditional routes.

Why now? Chief executive officer and co-founder Jim Joyce said the company built the platform in response to "the pressures traditional patent filing placed on early-stage start-ups and founders." Co-founder and director of research and development Richard Shattock said the funding has already improved filing accuracy and efficiency.

What's the money for? Clear IP plans to expand its patent capabilities and shorten filing timelines through automation. The goal, Shattock said, is "to serve more innovators worldwide."

The signal: Early patent filing is increasingly tied to startup outcomes. An October 2023 study from the European Patent OfficeDealroom has a profile for this one. Try Dealroom → and the European Union Intellectual Property OfficeDealroom has a profile for this one. Try Dealroom → found startups with patents and trademarks are up to 10 times more likely to secure investment — a link that gives IP tooling clear appeal for founders racing to scale.

Image credit: Clear IP