Brave Seeking Additional Capitalization In Series A Equity Round

cryptowarrior88 (59)in #cryptocurrency • 5 years ago (edited)

The company that raised $35 million in less than a minute back in 2017 is not seeking additional funding according to sources familiar with the matter.

Brave is raising a Series A equity round, three sources with knowledge of the situation reveals and it seems the company is seeking to raised $30-50million at a valuation of roughly $133 million.

The company is led by Brendon Eich, the browser company recently launched its Brave Ads product where users are rewarded with BAT tokens for choosing to view advertising.

It first gained attention in early 2016 where it was backed by seed round investors Pantera Capital, Founders Fund and Digital Currency Group raising around $4.5 million.

Early on Brave showed that funds they raised back in 2017 ICO might not be enough to fuel growth that is why they nee to have the new rounds of funding.

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