Brainbase, a technology platform that helps manage any licensing, partnership or sponsorship agreement, announced an $8 million Series A financing led by Bessemer Venture Partners and Nosara Capital.
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, have also participated.
Brainbase 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.
Nate Cavanaugh is the co-founder and CEO of Brainbase.
In 2020, Brainbase plans to nearly double in size, making key hires across sales, product, and engineering in the U.S. and Europe, Nate Cavanaugh said.
Bessemer Venture Partners, the company’s lead investor, has a history of investing in iconic technology companies, such as DocuSign, LinkedIn, Shopify, Twitch, and Yelp, and Nosara invests in online marketplaces around the globe.
