How Much Did Brave Raise? Funding & Key Investors

Date
February 24, 2025
Brave

Total amount raised

$53.5 Millions

Latest funding date

June, 2017

Brave

Location

Title

LINKEDIN

Status
Verified
Use Clay's email finder to get anyone's work email in seconds.

Brave has successfully raised significant funding through multiple rounds, including a Series B round. The company is backed by a diverse group of investors, such as Page One Ventures and ZMT Capital.

Keep reading to explore the intricacies of Brave's fundraising journey and the investors supporting this innovative platform.

What Is Brave?

Brave Software Inc., founded in 2015 by Brendan Eich and Brian Bondy, is headquartered in San Francisco, California. The company focuses on developing a web browser that prioritizes speed, safety, and privacy for its users.

Brave aims to transform the online ad ecosystem by offering a new revenue-sharing solution that benefits both users and content creators. The browser blocks ads, saves data, and loads webpages faster, enhancing the overall browsing experience.

With a team of 101-250 employees, Brave continues to innovate by introducing features like Brave Search, a private search engine, and other built-in tools such as a VPN and AI assistant.

How Much Funding Has Brave Raised?

  1. Seed Round
    • Amount Raised: $2.5M
    • Date: November 2015
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To kickstart the development of the Brave browser.
  2. Seed Round
    • Amount Raised: $4.5M
    • Date: August 2016
    • Lead Investors: Founders Fund
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To expand the team and accelerate product development.
  3. Seed Round
    • Amount Raised: Not publicly disclosed
    • Date: January 2017
    • Lead Investors: Digital Finance Group (DFG)
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To further develop the browser and its features.
  4. Initial Coin Offering
    • Amount Raised: $35M
    • Date: June 2017
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To develop Brave's advertising platform and support user growth.
  5. Series A
    • Amount Raised: $250K
    • Date: March 2019
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To enhance the browser's privacy features and expand its user base.
  6. Venture Round
    • Amount Raised: Not publicly disclosed
    • Date: August 2019
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To continue scaling the platform and introduce new features.
  7. Series B
    • Amount Raised: Not publicly disclosed
    • Date: April 2022
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To further innovate and expand Brave's suite of privacy-focused tools.

Total Amount Raised: $42.25M

Current Valuation: Not publicly disclosed

Key Investors

  • Founders Fund
    • Details: Founders Fund is a venture capital firm co-founded by Peter Thiel. It is known for investing in companies with transformative potential.
    • Investment Focus Areas: Technology, healthcare, aerospace.
    • Notable Investments: Facebook, SpaceX, Palantir Technologies.
  • Digital Finance Group (DFG)
    • Details: Digital Finance Group is an investment firm specializing in blockchain and cryptocurrency projects. They aim to support innovative financial technologies.
    • Investment Focus Areas: Blockchain, cryptocurrency, fintech.
    • Notable Investments: LedgerX, Circle, Brave.
  • Page One Ventures
    • Details: Page One Ventures is a venture capital firm that invests in early-stage technology companies. They focus on startups with high growth potential.
    • Investment Focus Areas: Technology, internet, software.
    • Notable Investments: Not publicly disclosed.
  • ZMT Capital
    • Details: ZMT Capital is an investment firm that provides funding to innovative technology companies. They focus on long-term growth and sustainability.
    • Investment Focus Areas: Technology, software, internet.
    • Notable Investments: Not publicly disclosed.

What's Next for Brave?

Brave stands at the cusp of transforming the internet advertising landscape. By leveraging blockchain technology and its cryptocurrency, Basic Attention Token (BAT), Brave aims to create a more transparent and efficient ecosystem for advertisers, publishers, and users. This opportunity is vast, as evidenced by the $35 million raised in under 30 seconds during its ICO, signaling strong market interest and financial potential.

Future fundraising for Brave may not involve another token sale, but the company could explore innovative methods or partnerships to fuel its growth. However, challenges such as the concentration of token ownership among a few large investors and ensuring equitable participation in future initiatives remain. As ICOs gain traction, Brave's success could inspire more companies to adopt similar fundraising methods, potentially leading to a more competitive and innovative landscape.

Use Clay to Get Funding Data

Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Brave and gather other critical business insights.

Sign up for free on Clay and start making data-driven decisions today.

Share Article

Get access to more people and company data using Clay

Leverage the power of 100+ data providers for industry-leading data coverage & quality.

4.9 rating

Try for free

More Articles