Brave seeks Series A round, sources say
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Brave Software, the company behind privacy-centric browser Brave, is raising a Series A equity round, seeking $30 million to $50 million at a valuation of $133 million, sources told CoinDesk. The company’s last round of funding came in 2017 when it raised $35 million, bringing its total funding to $42 million since its founding in 2015.
The Series A comes after the browser began rewarding users for viewing ads. Brave was based around blocking ads, but recently the company added a feature allowing users to receive 70% of the revenue share coming from ads the company sold, paid in BAT. Soon after, Coinbase added the token to its Earn platform, which enables users to earn crypto for learning about an asset.
AUTHOR
Aislinn Keely is a reporter on The Block's policy team holding down the legal beat. She covers court decisions, bankruptcies, regulatory actions and other key moments in the legal sphere, putting them in context for the wider crypto industry. Before The Block, she lent her voice to the NPR affiliate WFUV and helmed Fordham University's student newspaper. Send tips or thoughts on all things policy and legal to [email protected] or follow her on Twitter for updates @AislinnKeely.
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