Fanbase (2022)
About this raise
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.
Investment Overview
Invested : $2,599,944
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 12/29/2021
- Close Date
- 04/29/2022
$9,996
$2,599,996
$250
Equity - Common
Seed
RegCF
$8.61
$50,000,000
Company & Team
Company
- Year Founded
- 2019
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Low
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/26/2026 | StartEngine | $160,030,000 | $10,177,547 | Equity - Common | Not Funded | RegA+ |
| 11/06/2023 | StartEngine | $84,926,904 | $4,563,175 | Equity - Common | Funded | RegCF |
| 04/29/2022 | StartEngine | $50,000,000 | $2,599,944 | Equity - Common | Funded | RegCF |
| 06/27/2021 | StartEngine | $20,000,000 | $3,495,066 | Equity - Common | Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.