Brave Software, a San Francisco, CA-based browser as a user platform for speed, privacy, and micropayments, raised $4.5m in seed funding.
Participants include Founders Fund’s FF Angel, Propel Venture Partners, Pantera Capital, Foundation Capital, and Digital Currency Group.
The company intends to use the funds for development and growth.
Led by Brendan Eich and Brian Bondy, Brave is a new open source browser for desktop and mobile that blocks invasive ads and online trackers, reduces page loading time, and guards from ads infected with malware. It protects users with privacy and security features such as HTTPS Everywhere (encrypted data traffic), fingerprinting shields, phishing protection, malware filtering, and script blocking.
The company is partnering with BitGo and Coinbase to provide wallets and purchasing tools for the Brave Ledger, a new Bitcoin-based micropayments system that automatically and anonymously pays users’ favorite websites. It will allow users and publishers to opt into a privacy-preserving ad model that shares revenue with users as well as publishers.
Brave is currently available in developer version, and will launch its 1.0 release in September 2016. Brave is available for download
(https://brave.com/downloads.html) for mobile devices (iOS and Android), as well as the following desktop platforms: MacOS, Windows (32 bit and 64 bit), and Linux (Debian, Ubuntu, Fedora, OpenSUSE).