Stockholm-based Digip is a SaaS company in the legal tech industry that makes trademark protection accessible, affordable, and functional. Today, the company has announced that it has raised €2M in a fresh round of funding.
Prior to this round, Digip has raised funds from the VC company Antler and angel investors in the Stockholm startup ecosystem.
Investors and capital utilisation
The funding was led by Industrifonden. Additionally, SeedX, Antler, and angel investors also participated in the round.
Speaking on the development, Tore Tolke, Senior Investment Director at Industrifonden, says, “We are sure that entrepreneurs, owners and Board of Directors understand why they need to protect their business, but we also know the environment entrepreneurs work in, they simply do not have the time to learn all the complex steps to do it themselves or spend time with a traditional lawyer. We are excited by Digip, which enables everyone to, instantly and free of charge, explore registering and owning their brand, and we wanted to give Digip the financial muscles to provide this technology across the globe.”
The proceeds from this round will help Digip to grow its business by expanding its services in new geographies, investing in product development, and continuing its mission to automate trademark management.
“Protect what you create”
Launched its service on digip.com in late 2020 by Viktor Johansson, Christian Vierling, and Jimmy Horstrom, the platform offers an on-demand trademark registration and protection service. It lets entrepreneurs and businesses protect and strengthen their brand names worldwide in a digital and user-friendly environment.
Viktor Johansson, CEO & co-founder of Digip, says, “Almost all businesses across the world are moving into the digital arena to some extent, and as a result, the likelihood of encountering brand misuse is skyrocketing. In fact, 85 per cent of all businesses have experienced brand infringement. If you want to build a strong and successful business, you need to make sure that you own your brand, it is no longer a question of ‘if’ something happens, but rather ‘when’ and you want to be prepared.”
According to Digip, trademark infringement is increasing, and the company has within nine months gained clients in 26 countries, proving the demand for global need of handling a company’s intellectual property.
Digip currently serves clients from startups to €600M companies that want to have control over their intellectual property and costs.
About Industrifonden
Industrifonden is a Nordic venture capital investor based in Stockholm. The firm invests in life science, deep tech, and transformative tech ventures that have a meaningful impact on society. The firm’s portfolio companies include Funnel, inRiver, Oncoceptides and Calliditas.
The firm recently invested in NuvoAir’s $12M funding round and also led a €5M investment round in Exeri – a Lulea-based company that is making its Smart Grid SurveillanceTM (SGS) system.
