Tera Ventures leads the $1M seed round to Brainbase

Brainbase, a Los Angeles and Tallinn based technology startup that is building an end-to-end product ecosystem for intellectual property licensing, announced a $1M seed round on Monday. The round was led by Tera Ventures.

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. Brainbase Assist is the first out-of-the-box licensing management tool that enables companies to bring licensed products to market faster with powerful collaboration tools, sales and royalty reporting, smart contract management, secure digital asset management and analytics on important metrics like sales performance and rights availability.

Ellex counsel Antti Perli advised Tera Ventures on the seed round.