Fanbase

Growth Stage

Subscription Social Media

Analytics

Raised to Date: Raised: $1,026,650

Aggregate Commitments $

Platform

StartEngine

Start Date

12/29/2021

Close Date

04/29/2022

Min. Goal

$9,996

Max. Goal

$2,599,996

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$50,000,000

Rolling Commitments $

Status

Active

Reporting Date

01/19/2022

Days Remaining

100

% of Min. Goal

10,270%

% of Max. Goal

39%

Likelihood of Max
extremely
Avg. Daily Raise

$48,888

Momentum
warm.svg
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Location

Atlanta, Georgia

Industry

Consumer Products, Goods & Services

Tech Sector

MediaTech

Distribution Model

B2B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

Fanbase, with a valuation of $50 million, is raising funds on StartEngine. It is a subscription-based social media network that allows users to monetize their content and earn. The users can either grow organically for free or pay for a subscription to exclusive content. Fanbase is building a new ecosystem and combining the social network and monetization platforms. The business reported a 1,000% user growth in the past year, and the profit increased by 999% in 2021 compared to 2020. Isaac Hayes III founded Fanbase in October 2019. The current crowdfunding campaign has a minimum target of $9,996.21 and a maximum target of $2,599,996.14. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$13,777

$12,616

COGS

$14,022

$7,300

Tax

$0

$0

 

 

Net Income

$-173,048

$-37,657

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$696,650

$8,238

Accounts Receivable

$0

$0

Total Assets

$696,650

$8,238

Short-Term Debt

$151,368

$0

Long-Term Debt

$0

$0

Total Liabilities

$151,368

$0

Financials as of: 12/29/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fanbase 04/29/2022 StartEngine $50,000,000 $1,026,650 Equity - Common Active RegCF
Fanbase 06/27/2021 StartEngine $20,000,000 $3,495,066 Equity - Common Funded RegCF
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Fanbase on StartEngine 2021
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Platform: StartEngine
Security Type: Equity - Common
Valuation: $50,000,000
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