Fundraising Fox

Tradespace

500 Global

9 known investors

Tradespace offers an AI-powered platform for intellectual property management, helping corporate and institutional IP teams organize their patent portfolios and identify commercialization and market opportunities. It serves companies, universities, and research institutions seeking to unlock strategic value from their IP.

AI & Machine LearningEnterprise SoftwareLegalTechSaaS

Founders & leadership

ASAlec Sorensen
Alec SorenseninCo-founder & CEO
KKapil
KapilinCo-founderCo-founder of Tradespace, which builds an AI-powered platform for intellectual property management that helps corporate and institutional IP teams organize patent portfolios and find commercialization and market opportunities.

Investors · 9

500 GlobalSan Francisco · $150K
Abstract VenturesSan Francisco · $250K – $750K
ACADEMY INVESTORArlington
AIN VenturesNew York · $500K – $1M
Eniac Venturesreported · 2 sourcesNew York · $1.2M
Hike VenturesreportedSan Francisco · $1M – $5M
Scrum Venturesreported · 2 sourcesSan Francisco

Also in the syndicate · 2

Amplo VCAVPlead

Funding

SEC filings, press & company announcements

$19M disclosed across 2 of 3 rounds · 2023–2026

Source: company announcements and press reports — follow each round's link for the claim.

Competitors · 5

by search overlap
Clarivate36 shared keywordsClarivate is a global provider of enriched data, insights, analytics, workflow solutions and expert services serving academia, government, intellectual property, and life sciences sectors. The company serves universities, pharma companies, biotech firms, medtech organizations, and R&D enterprises across 180+ countries.
Deepip25 shared keywordsDeepIP is an AI platform for patent professionals that supports the full patent lifecycle—patentability assessment, prior art search across 120M+ patents, patent drafting from invention disclosures, office action responses, and freedom-to-operate/invalidity analysis. It integrates with Microsoft Word, Outlook, and IP docketing systems, and serves patent firms and corporate IP departments across technology fields.
OpenSpace21 shared keywordsOpenSpace provides a visual intelligence platform that captures jobsite imagery and transforms it into actionable construction site intelligence. The platform serves construction teams to improve project visibility, decision-making, and progress tracking across the built environment.
Datapipe19 shared keywordsRackspace Technology is a multi-cloud technology services provider, offering managed cloud and IT services across public and private cloud platforms.
Appspace17 shared keywordsAppspace is an internal communications platform that distributes messages across multiple employee endpoints including digital signage, mobile apps, intranets, and messaging services like Teams and Slack. The platform helps organizations manage workplace announcements, safety information, and employee engagement.

Companies competing with Tradespace for the same Google search keywords, organic and paid, via search-intersection analysis.

Non-dilutive funding · 2 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
U.S. ArmyArmyPhase I2023$200K
U.S. Air ForceAir ForcePhase I2020$50K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

Legal tech startup Tradespace raises $15M to remake IP managementaxios.com · Jan 2026Tradespace Raises $15M Series A to Fix the Economics of IP Lawprnewswire.com · Jan 2026Tradespace Raises $15M in Series A Fundingfinsmes.com · Jan 2026Tradespace Secures $4.2 Million in Funding to Unlock $1 Trillion In Unrealized IP Revenue with AI-powered IP Management Platformglobenewswire.com · Nov 2023Announcing Tradespace's $4 Million Seed Round - Tradespacetradespace.io · Nov 2023Tradespace Raises $4.2M in Seed Fundingfinsmes.com · Nov 2023

Frequently asked questions

What does Tradespace do?
Tradespace offers an AI-powered platform for intellectual property management, helping corporate and institutional IP teams organize their patent portfolios and identify commercialization and market opportunities. It serves companies, universities, and research institutions seeking to unlock strategic value from their IP.
Who founded Tradespace?
Tradespace was founded by Alec Sorensen, Kapil.
Who are Tradespace's investors?
Tradespace's investors include 500 Global, Abstract Ventures, ACADEMY INVESTOR, AIN Ventures, Eniac Ventures, Hike Ventures, Scrum Ventures.
How much funding has Tradespace raised?
Tradespace has disclosed $19M raised across 2 of its 3 known rounds.