Helping an SME win investment

Dehns first started working with this renewable chemicals company in 2006. The company was founded in 2003 to develop and commercialise advanced microbial technology for the production of renewable chemicals and biofuels. Dehns Partner and patent attorney Philip Webber drafted and filed their first patent applications.

Several years later a potential investor was conducting due diligence in the company and wanted to review the IP held within the company to ascertain the strength and scope of the various patents and pending applications. The investor arranged a telephone conference with the company's founder and CEO, which was attended by the investor, the investor’s patent attorney and Dehns attorney Philip Webber.

The investor’s patent attorney performed in depth due diligence of the company's patent portfolio. At the meeting, Philip was able to defend the portfolio and reassured the investor’s patent attorney and the investor that all of the issues raised were fully covered, and that the patents offered the best possible protection to the various technologies owned by the company.

In this case, the investor was persuaded by the company's patents and technology, and subsequently over US$40 million in total equity investment over a number of rounds from this and co-investors was provided.