Sorainen assisted Los Angeles and Tallinn based technology startup Brainbase in announcing a USD 1 million seed round. The round was led by Tera Ventures, with participation from Sterling Road and several angel investors.
Funds obtained 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 such as sales performance and rights availability. “We are building an end-to-end product ecosystem that gives companies new ways to manage and monetize their intellectual property through licensing,” explains Nate Cavanaugh, co-founder and CEO of Brainbase.
Sorainen, together with the Gunderson Dettmer team in Los Angeles, advised the client on establishing an Estonian subsidiary, opening a bank account and revising agreements.