By Beth Potter November 20, 2013
BOULDER – Collective IP Inc., a company focused on buyers and sellers in the technology licensing market, received $2.5 million from High Country Venture LLC, investor David Cohen of Boulder and other unnamed investors.
Boulder-based Collective IP markets its online search engine and related website platform to inventors, buyers and others in the estimated $100 billion technology licensing market.
The new funding will be used to build a new version of the website platform, based on feedback from users, Adam Rubenstein, founder and chief operating officer, said in a press statement.
The search engine gives business development professionals access to technology listings from more than 1,000 sources – including universities, research institutes, hospitals, government labs, foundations, associations, agencies and patent offices.
Collective IP’s online tools can be a key to “opening up new markets and revenue streams,” Chris Marks, managing director at High Country Venture, said in the press statement.
In all, Collective IP has raised $3.6 million in financing since it started in 2011. Cohen is a founder of Techstars, a business technology incubator program founded in Boulder. Boulder-based High Country Venture manages two venture capital funds that are invested in early-stage growth companies. High Country has about $50 million under management.
Original Article: http://www.bcbr.com/article/20131120/NEWS/131129958