Investment

Brave seeks Series A round, sources say

May 16, 2019, 5:39PM EDT

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.