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Seattle startup Tangibly, which manages trade secrets and NDAs, raises $1.3M

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Tim Londergan. (Tangibly Picture)

The information: Tangibly raised $1.3 million, offering the Seattle-based commerce secret administration startup contemporary money to spice up its product improvement in addition to its gross sales and advertising groups. 

The crew: The 8-person startup emerged from stealth mode in February, elevating $700,000 on the time. It was based by CEO Tim Londergan, a former exec at Mental Ventures and founding father of Wavefront Enterprise Labs. He’s joined by CTO Liat Belinson, who co-founded AI Patents, a search engine for patents, and co-founder and advisor Christopher Buntel, who held a number of board seats and management roles for tech firms.

The tech: The primary iteration of Tangibly’s platform is designed for firms to add their non-public paperwork to arrange and handle permissions. Such paperwork might be a product design or non-disclosure settlement, and these paperwork might be accessed for litigation circumstances or to current to potential funders or acquirers.

The platform is presently being utilized by normal counsel groups, professionals focusing on mental property, and outdoors consultants serving to shoppers handle their commerce secrets and techniques, Londergan informed GeekWire in an e mail. He stated the platform will not be industry-specific, with customers capable of defend something from biotech innovations to recipes.

The competitors: Tangibly might want to compete with conventional regulation companies focusing on defending commerce secrets and techniques and have their very own inside databases and platforms, together with software-enabled mental property managers like Questel.

The funders: Wilson Sonsini, a regulation agency that focuses on mental property regulation, and Madrona Enterprise Group participated within the pre-seed spherical. Different traders embrace Brainstorm Ventures, Incisive Ventures, PatentVest, Household Angel Administration Fund, in addition to different angels.

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