MultiverseEnterprises

Case study

Preparing a medtech startup for investor due diligence

Ahead of a seed round, a device startup needed confidence that it actually owned the IP it was presenting to investors.

The challenge

The founders had developed their device with help from contractors and an academic collaborator. As a seed round approached, they were unsure whether all of the resulting IP had been properly assigned to the company.

Our approach

  • Reviewed contracts, collaboration terms and the patent application on file
  • Identified missing assignments from two contractors and an unclear collaboration clause
  • Coordinated with the company’s solicitor to put confirmatory assignments in place
  • Built an IP register and a short IP narrative for the investor data room

The outcome

By the time investors began their own diligence, the company could show clear ownership of its key IP and explain how it protected its product. Questions from investors were answered quickly and with supporting documents.