Tangibly, a Seattle, WA-based trade secret management platform, announced pre-seed financing of $1.3 million with participation from WS Investment Company (Wilson Sonsini’s venture arm), Madrona Venture Group, and several seed funds, influential founders, and angel investors.
Additional investors in this round include Brainstorm Ventures, Incisive Ventures, PatentVest (an IP intelligence platform), Family Angel Management Fund, and angels such as Jack Newton (CEO of Clio), David Rosenberg (MuleSoft Founder), as well as existing Tangibly investor Mark Britton, Founder of the online legal marketplace, AVVO.com.
Tangibly’s new capital will be used for product development, including AI/ML initiatives, as well as for building the sales and marketing teams.
Company: Tangibly, Inc.
Funding Month: Aug 2022
Lead Investors: WS Investment Company and Madrona Venture Group
Additional Investors: Brainstorm Ventures, Incisive Ventures, PatentVest, Family Angel Management Fund, Jack Newton, David Rosenberg, and Mark Britton
Company Website: https://www.tangibly.com/
Software Category: Trade Secret Management
About the Company: Tangibly is a trade secret management software for businesses looking to protect their confidential data. Tangibly's platform enables companies to implement best-in-class management of their trade secrets. Trade secrets can be almost anything, from algorithms to chemical processes to client lists, and are among the most valuable assets for many companies. Tangibly helps streamline and simplify legal requirements and implement best practices to establish company assets as legally protectable trade secrets. These best practices include cataloging assets, acknowledgment workflow, access management, tracking required legal agreements (NDAs, employment agreements, partnership agreements, etc.), as well as employee or partner education and training. Tangibly is currently being used by General Counsels and Heads of IP, as well as by outside counsel who is helping their clients implement trade secret management practices.