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London Tech Week

Swedish legal-tech startup Digip raises €3.2M to digitise €150B global trademark market

Swedish legal-tech startup Digip raises

In order to revolutionise the €150B trademark ownership and protection legal market by digitising the industry – a service that all startup founders and established businesses use — Swedish legal-tech startup Digip has announced the completion of its €3.2M 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 seed round was led by Industrifonden and Seed X with participation from various family offices and angel investors from the Stockholm startup ecosystem. 

 In place of old-school lawyers and stuffy processes, Digip offers an on-demand trademark registration and protection service that gives entrepreneurs an opportunity to protect and strengthen their brand names worldwide in a digital and user-friendly environment. Launched in 2020, the Stockholm-based startup already serves clients in 20+ countries. Further, it has 500 customers across 42 markets globally, from startups to companies with €600 million revenue seeking full control over their intellectual property rights. 

Viktor Johansson, CEO and Co-founder of Digip, commented: “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 everyday.” 

Commenting on the successful closing of the seed round, Tore Tolke, Senior Investment Director at Industrifonden said: “The legal industry has been slow to embrace technology, leaving traditional players behind. But Digip is demonstrating amazing potential and the demand for their services is growing. Their innovative business model is proving that they can deliver results and revolutionise the trademark and IP industry. We are proud to stand behind the team that is aiming to push the industry forward with cutting-edge technology and customer satisfaction. The future looks bright for Digip!”.

Coming from the founders’ firsthand experiences, Digip was created to help entrepreneurs protect their brands for a fraction of a cost charged by law firms. They firmly believe what people create is significant and they should have the same opportunities to protect and own their intellectual property as the world’s leading brands do.

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