Brainbase, a Los Angeles, CA-based provider of a platform for companies to manage any licensing, partnership or sponsorship agreement from end-to-end in a single platform, raised $8m in Series A financing.
The round was led by Bessemer Venture Partners and Nosara Capital with participation from Alpha Edison, Struck Capital, Bonfire Ventures, FJ Labs, 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.
The company intends to use the funds 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.
Founded in 2016 by Nate Cavanaugh, Karl Johan Vallner and Nikolai Tolkatshjov, Brainbase provides a technology platform for globally-recognized brands to manage and monetize their intellectual property. The round follows a time of growth, with recent customer acquisitions including kathy ireland® Worldwide, MDR Brand Management, BuzzFeed and Bonnier.