Brainbase to Build Licensing Tech Platform
Los Angeles-based technology startup Brainbase is building an end-to-end product ecosystem for intellectual property licensing and has announced a $1M seed round last week.
The round was led by Tera Ventures, with participation from Sterling Road and several angel investors including Severin Hacker, Andrew Rabin and Hamid Barkhordar.
Funds will be used to continue developing the company's debut product, Brainbase Assist, a tool for brands and licensees to manage and automate the licensing process.
The company also announced Marketplace, a new flagship platform that enables licensors and licensees to showcase their brands and products and close new licensing deals entirely online–from search and discovery, initial inquiry, standardized licensing agreements, deal signing, royalty payments and license management.