Wednesday, May 20, 2020

Brainbase Snags $8 In Series A

Los Angeles-based Brainbase, a new startup developing software to help manage licensing, partnership and sponsorship agreements, has raised $8M in a Series A funding round, the company said this morning. The funding was led by Bessemer Venture Partners and Nosara Capital, and also included 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. According to the company, it will use the funding to to build its software. The software is aimed at brands who own and license their IP. The company's co-founder and CEO is Nate Cavanaugh.