Digip, a Stockholm, Sweden-based legal tech SaaS company, announced that it completed €3.2 million in a seed funding round, offering affordable and accessible digital intellectual property services.
The company secured an additional €1.2M to add to its €2M from earlier this year to continue a strong growth trajectory into 2023. The additional seed round funding will boost its growth momentum.
The round was led by Industrifonden and Seed X with participation from various family offices and angel investors from the Stockholm startup ecosystem.
Viktor Johansson, CEO, and Co-founder of Digip commented: “We are on a mission to digitize the €150B global trademark market. A company typically spends a 4-figure amount for a trademark search and waits weeks for results. We have already transformed this experience for users who are reporting average savings of 80% of trademark management fees and cutting a substantial amount of their workload by using the platform and services. “2023 will be an exciting year for us. We are launching some cool features on our platform in the coming months. This includes an open API where partners can integrate and leverage the Digip® technology as part of their workflows and processes, we are also looking to launch our business into some new markets starting next year. Users can also expect to see a significantly improved trademark search on digip.com. This will be super important to us as staying close to our users will help to provide a superior customer experience every day.”
During the last 12 months, Digip has tripled its revenue and increased its geographical spread of customers having expanded its IP service successfully into the US and continued strong growth from other international markets.
Significant investment has been made in its tech stack which has enabled Digip to serve more customers as they scale in 2023.
Company: Digip AB
Round: Seed Round
Funding Month: December 2022
Lead Investors: Industrifonden and Seed X
Company Website: https://www.digip.com/
Software Category: Digital Trademark Protection
About the Company: Digip is a legal tech SaaS company that provides an end-to-end digital solution for intellectual property protection. It offers on-demand trademark registration and protection services that give entrepreneurs as well as established businesses an opportunity to protect and strengthen their brand names worldwide, in a digital and user-friendly environment. Digip offers, through its platform, a new way of delivering intellectual property services on a global scale. By combining tech, know-how, and investments, Digip® creates the most innovative technology on the market to enhance the customer experience, streamline processes and lower the cost of intellectual property protection. Launched in 2020, Digip® is now servicing 500 customers across 42 markets globally, from startups to companies with €600 million in revenue seeking full control over their intellectual property rights.