Brainbase, a Los Angeles, CA-based maker of intellectual property licensing platforms Brainbase Assist and Marketplace, raised $3m in seed funding.
The round was led by Struck Capital with participation from Tectonic Capital, Bonfire Ventures, Sterling Road, and Watertower Ventures.
Along with the funding, a new member will join the board – Ray Hatoyama, an expert in IP and licensing and the chief executive officer of Hatoyama Studio and Independent Director at LINE Corp, will take a seat on the board offering strategic insight on company growth opportunities.
Founded in 2016 by Nate Cavanaugh, Karl Johan Vallner and Nikolai Tolkatshjov, Brainbase is a technology platform that allows companies to manage and monetize their intellectual property through licensing.
The company also announced two key senior leadership hires, including:
Andrea Adelson, who joins as Head of Growth to lead the expansion of the flagship Marketplace platform, and
Ted Larkins, who joins as Head of Business Development, focusing on developing Brainbase Assist, the company’s licensing management platform.