Lecorpio Announces $15M Round

What does Lecorpio do?

Lecorpio, is a leader in cloud based intellectual property, analytics and management. It helps legal departments replace outdated systems and manual processes with controlled workflows in a paperless environment. This platform’s adaptable intellectual property managing software brings all processes associated with intellectual property to one place and makes every step more efficient. It helps the IP counsel and legal officers in finding the data they need to support better decisions concerning their business.

How much Lecorpio was funded?

Lecorpio raised  $15M in Series B funding on July 28, 2015 from the investors M2O

Previous funding

$10M in Series B funding on May 1, 2014 from the investorsM2O (Lead) Partner: Michael Kevin

What is next for Lecorpio?

Lecorpio will use the latest funding for accelerating its growth and development and to expand its business into new markets. The tech entrepreneur and former chairman and CEO of Servicesource, will join the company as an investor and as a board observer, as part of the latest round. The company has announced a banner first half of 2015 with the addition of 2 new customers in Europe, continued expansion in the telecommunication and financial services verticals and strategic wins in energy, automotive and tech markets.

Lecorpio currently serves 5 of the top 20 patent assignees in USA demonstrating the trust on its platform by companies who consider intellectual property a priority. The first half of 2015 has been great for the company as its sales were doubles over the same time period in 2014. The company has released version 3.0 of their product which includes features such as intelligent spend management, PTO integration and real time data.
More about Lecorpio

Lecorpio was founded in 2006 by Deepak Gagneja. It has its headquarters in Fremont, CA. This company is a IP management solution of choice for companies in different industries globally.