Patent monetization platform SIM IP has closed an insurance-backed financing deal with $100 million, according to its CEO Erich Spangenberg.
In a social media post, Mr. Spangenberg said that “$100 million is the floor here, not the ceiling” and that his company is “in discussions with long-term capital providers looking to deploy $1-3 billion into this asset class over the next three to five years” (September 14, 2026 Erich Spangenberg LinkedIn post).
A press release from law firm Reed Smith, which advised on the deal, said that the debt financing consisted of a $75 million initial term loan facility plus a $25 million delayed draw term loan facility (September 14, 2026 Reed Smith press release).
At the same time, SIM IP obtained a portfolio insurance policy from a syndicate of insurers; a “novel structure” which gives SIM IP’s undisclosed lender “an additional layer of credit protection alongside the underlying IP collateral”.
Explaining the insurance component in his social post, Mr. Spangenberg said:
“Most institutional capital shies away from IP. They want hard assets and predictable cash flows, and IP doesn’t naturally hand you either. We structured this differently – our own tech stack vets the portfolio first, our team and expert network confirm it, and then the insurers and the lender run their own independent diligence on top before they commit a dollar. Insurers and lenders don’t underwrite a portfolio they haven’t verified themselves. This financing is real market validation of what we hold, what we buy, how we execute, and the campaigns we’re running.”
According to the press release, SIM IP will use the proceeds of the financing to refinance an existing credit facility and to support ongoing monetization campaigns and portfolio acquisitions.
It has been an especially busy year for Mr. Spangenberg and the SIM IP team. Various SIM IP affiliates are engaged in litigation at the Unified Patent Court (July 6, 2026 ip fray article; February 1, 2026 ip fray article) and in Germany (June 29, 2026 ip fray article). This year, the company has also struck a trade secret litigation financing deal with Tangibly (January 15, 2026 ip fray article), merged with patent intelligence platform Garden Intel in a $150 million-plus transaction (February 6, 2026 ip fray article), and acquired patents from Alibaba (May 19, 2026 ip fray article) among others.