Brainbase, the technology platform that helps companies manage any licensing, partnership or sponsorship agreement from end-to-end in a single platform, raised an $8 million Series A financing led by Bessemer Venture Partners and Nosara Capital with participation from Alpha Edison, Struck Capital, Bonfire Ventures, FJ Labs, Tera Ventures, Sterling Road, Spencer Lazar, Michael Stoppelman, former senior vice president of engineering at Yelp, Jenny Fleiss, co-founder of Rent The Runway, and David Fraga, president of InVision.
As the creator of the IP licensing platform Brainbase Assist, the company aims to use this funding to build a payments feature for licensors to expedite payments from licensees, as well as build Marketplace, a new solution to showcase, connect, and close deals with globally recognized and emerging brands, celebrities, athletes and influencers entirely online. Marketplace is currently accepting new waitlist sign-ups at brainbase.com/marketplace.
“We need to stay focused on building the best platform for brands that own and license their IP,” said Brainbase co-founder and CEO Nate Cavanaugh. “With a strong bench of investors and advisors who believe in our vision to make the intellectual property industry more open, efficient and accessible, we are prepared for our next stage of growth. In 2020, Brainbase plans to nearly double in size, making key hires across sales, product, and engineering in the U.S. and Europe.”About Brainbase
Founded in 2016 by Nate Cavanaugh, Karl Johan Vallner and Nikolai Tolkatshjov, Brainbase is a technology company that helps globally-recognized brands manage and monetize their intellectual property. The company is headquartered in Los Angeles and is backed by leading investors in San Francisco, LA, New York, and Europe. Follow @Brainbase and learn more at brainbase.com.About Tera Ventures
Tera Ventures is a venture capital firm based in Tallinn, Estonia and focused on exceptional founders from Estonia, Scandinavia and CEE disrupting digital space globally. Tera builds presence and networks in the markets where our portfolio companies want to expand to – the UK, the US, and Asia. With presence in Estonia, Finland, and California, Tera Ventures is supported by a global advisory network and provides portfolio companies with access to expertise and hands-on support necessary to grow from seed stage to successful exit.
- Read more on the investment HERE
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