Finnish legal tech startup TrademarkNow has raised €3 million led by Karma Ventures, Balderton Capital, and Montiko. The company also received a €2 million loan from Finnish government agency Finnvera.

Trademark Now builds tools to help companies and law firms to manage their trademarks and compliance. It recently relaunched its NameCheck product for trademark clearance searches with the addition of 15 new databases from Middle Eastern countries.

“Our clients operate in an increasingly demanding marketplace and our emphasis is strongly on continuing to evolve and improve our products to help them meet those demands even more easily,” said Mikael Kolehmainen, CEO of TrademarkNow.

“We are very excited with TrademarkNow’s disruptive solution powered by deep technical differentiation and excellent execution,” added Margus Uudam, partner at Karma Ventures. Significant and quickly growing global customer base is a great proof of the value that TrademarkNow has created.”

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