
Final Opportunity to Participate in Fanbase Seed Round on StartEngine
Fanbase Founder and CEO, Isaac Hayes III, has achieved a significant milestone by successfully raising over $10 million in Reg CF seed capital from a diverse group of investors through equity crowdfunding. This achievement is noteworthy, as it marks the first instance where a Black entrepreneur has accomplished this feat. The funding has been instrumental in the development of a robust social media platform, complete with tools for content creators.
Fanbase is currently valued at $85 million and boasts a growing user base of over 525,000 individuals. Notably, it is the first app to introduce in-app purchase subscription technology from user to user. The app, which is available for free download and use, offers a wide range of features, including social photos, videos, live streaming, stories, long-form videos similar to YouTube, and audio chatrooms, akin to Clubhouse and X Spaces.
The Fanbase Platform enables any user to monetize their content from the moment they join. Users can engage with their followers and paying subscribers on a single platform. Fanbase members can set subscription prices ranging from $2.99 to $99.99 per month for access to their exclusive posts, audio chat rooms, and videos. Further enhancements and additional creator tools are currently in development, with investments playing a pivotal role in their realization.
The Fanbase seed round on StartEngine is closing on November 7th at midnight, with a minimum investment of just $245 required to become a part of this venture. Those interested can visit startengine.com/fanbase to explore investment opportunities.
Fanbase presents itself as the next-generation social network, catering to individuals who value content and community. Unlike other social applications, Fanbase prides itself on being a platform where users can express themselves without limitations. For more information, you can download the Fanbase app from the Apple App Store or the Google Play Store, or visit https://www.fanbase.app/ on the web.
Noah Washington- COMMUNICATIONS SPECIALIST
Fanbase
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