Companies · Climate / Cleantech

Brave Topco, Inc.

SAN FRANCISCO · Climate / Cleantech · refined from filed group “Other · https://brave.com/download/

Diligence memoA one-page analyst read on Brave Topco, Inc. — recommendation, valuation, rhythm, risks.
$690.6M
Total raised · real
1
Rounds
Latest step-up
Top 6%
Sector rank · raised
Growth/Late
Latest stage · inferred · Thu Jun 30 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Brave Topco, Inc. has raised $691M over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the climate/enviro sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 4.0 yr ago; this sector typically re-raises about every 9 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Climate / Cleantech

Brave Topco, Inc. is one of 207 Climate / Cleantech companies tracked from SAN FRANCISCO. By capital raised it ranks among the largest (ahead of 95% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

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The latest version of the Brave browser with ad and tracker blocking capabilities is available to download here. Stand by for an entirely new way of thinking about how the web can work. The Brave browser blocks ads and trackers that slow you down and invade your privacy. Discover a new way of thinking about how the web can work. The Brave browser is available on Linux , macOS and Windows . You can also try Brave Origin for a streamlined, premium browser experience. Or download directly from the Windows store: Brave is available as a fast, free, secure web browser for your mobile devices. Complete with a built-in ad blocker that prevents tracking, and optimized for mobile data and battery life savings. New features are typically introduced in Nightly first. After we’ve worked out the kinks we next move features to the Beta build for final checks, then finally merge into the full Release version . Brave San Francisco 580 Howard St. Unit 402, San Francisco, CA 94105 Open the installer from Chrome's downloads (it should be in the upper right corner of this window). If you're prompted to, click “Yes” in the User Access Control dialog. Wait for the installation to finish, then import you

climate/cleantech
Find Brave Topco, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
41
Investors (latest)
2022
Year incorporated
2022-06-30
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0B$10.0B$15.0B$20.0BGrowth/Late · 2022-06-30 Raised $691M (real) Modeled valuation $12.3B (est)$691M$12.3BGrowth/Late2022

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Growth/Late$690.6M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A, Series B, Series C, Series D+ — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 14%.

Modeled valuation trajectory
$12.3B
Base estimate est.
$5.0B
Conservative case
$18.6B
Upside case
$6.9B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks scaled by the climate/enviro sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
83%
Survival probability
72% low · 89% high
1.21×/yr
Annual markup
1.32×/yr upside case
4.0 yr
Elapsed time used
4.0 yr actual, capped for stale marks
climate/enviro
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
4.0 yr
On record since
2022
First round
1
Rounds on file
How it compares to the market

Benchmarked against 207 companies in Climate / Cleantech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 86× above median
This company$690.6M
Sector median$8.1M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 1.0× of median
This company$690.6M
Sector median$700.0M
Modeled value — vs sector median (estimate, all stages) 205× above median
This company$12.3B
Sector median$59.8M

Raised more than 95% of sector peers (real $). Modeled value above 96% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$1.0B$10.0B$100.0B$100.0M$1.0B$10.0BCapital raised (log)Solar Holdco, Inc. · Growth/Late Raised $1.6B · modeled $18.0B (est)Ascend Elements, Inc. · Growth/Late Raised $692.7M · modeled $6.6B (est)Sila Nanotechnologies, Inc. · Growth/Late Raised $1.3B · modeled $4.5B (est)Brave Topco, Inc. (this company) Raised $690.6M · modeled $12.3B (est)Brave Topco, Inc.
CompanyStageRaised · realValue · estvs peer med.
Solar Holdco, Inc.Growth/Late$1.6B$18.0B1.92×
Brave Topco, Inc. this companyGrowth/Late$690.6M$12.3B1.30×
Ascend Elements, Inc.Growth/Late$692.7M$6.6B0.70×
Sila Nanotechnologies, Inc.Growth/Late$1.3B$4.5B0.48×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Growth/Late$690.6M2022-06-30$6.9B$12.3B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Growth/Late$690.6M2022-06-30
    • First recorded raise — entered as Growth/Late.
    • 41 investors on this round.
Intelligence
Modeled next raise
$1.1B
Modeled next size est.range $718.3M$1.8B
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Patrick M. Severson8 other2022-06
BRIAN M. LORING2022-06
Registry & provenance

Brave Topco, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1938515
SEC CIK
2022
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Solar Topco, Inc.Climate / CleantechGrowth/Late$418.7M$10.9Bnetwork1 shared operator · same sector · same stage
Ascend Elements, Inc.Climate / CleantechGrowth/Late$692.7M$6.6Bsame sector · same stage
AIT Group Holdings, LPClimate / CleantechGrowth/Late$699.5M$15.7Bsame sector · same stage
Carbon Analytics Holdings LLCClimate / CleantechGrowth/Late$662.5M$17.2Bsame sector · same stage
E2open Parent Holdings, Inc.Climate / CleantechGrowth/Late$895.0M$20.7Bsame sector · same stage
Samsara Networks Inc.Climate / CleantechGrowth/Late$915.0M$18.2Bsame sector · same stage
Mavis Tire Express Services TopCo, L.P.Climate / CleantechGrowth/Late$949.0M$20.5Bsame sector · same stage
Wrangler Topco, LlcOtherGrowth/Late$569.2M$10.1Bnetwork1 shared operator · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Bold.org, Inc.Other TechnologyPre-Seed$8.9M70%
Brave Media Inc.Business ServicesPre-Seed$3.9M69%
Calm.com, Inc.Other TechnologySeries C$1.1B69%
Brave Acquisition LLCOtherSeed$11.8M69%
Keystone Brave LLCOtherSeed$34.5M68%
Tempered Networks, Inc.Other TechnologySeries B$185.2M67%
Gridware
Protecting the grid today, preparing the grid for tomorrow
Climate / Cleantech67%
Browserup, Inc.Other TechnologyPre-Seed$4.9M67%
Frequently asked
How much funding has Brave Topco, Inc. raised?
Brave Topco, Inc. has raised approximately $690.6M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Brave Topco, Inc.'s estimated valuation?
Provath's modeled valuation for Brave Topco, Inc. is approximately $12.3B (modeled range $5.0B–$18.6B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Brave Topco, Inc. at?
Brave Topco, Inc.'s latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Thu Jun 30.
What does Brave Topco, Inc. do and where is it based?
Brave Topco, Inc. operates in the Climate / Cleantech sector, based in SAN FRANCISCO. The latest version of the Brave browser with ad and tracker blocking capabilities is available to download here. Stand by for an entirely new way of thinking about how the web can work.
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