Fanbase

Fanbase

Growth Stage

Subscription Social Media

Subscription Social Media

Overview

Raised to Date: Raised: $4,563,175

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/22/2022

Close Date

11/06/2023

Min. Goal
$9,997
Max. Goal
$4,999,989
Min. Investment

$245

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.95

Pre-Money Valuation

$84,926,904

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$11,157

# of Investors

5,986

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Logos provided by Clearbit
Year Founded

2019

Industry

Consumer Products, Goods & Services

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Atlanta, Georgia

Business Type

High Growth

Company Website

Fanbase, with a valuation of $84.9 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 social network and monetization platforms. The subscription revenue of the business went up 164% over the past 12 months, and Android MRR grew by 35% since its launch in July 2021. Isaac Hayes III founded Fanbase in October 2019. The current crowdfunding campaign has a minimum target of $9,997.45 and a maximum target of $2,510,043.30. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$134,898

$161,696

COGS

$326,803

$296,884

Tax

$797

$0

 

 

Net Income

$-2,919,450

$-2,038,677

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,213,731

$718,334

Accounts Receivable

$0

$0

Total Assets

$1,587,997

$853,320

Short-Term Debt

$434,774

$251,432

Long-Term Debt

$43,623

$0

Total Liabilities

$478,397

$251,432
Financials as of: 09/22/2022
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fanbase 02/25/2025 StartEngine $160,030,000 $901,404 Equity - Common Active RegA+
Fanbase 11/05/2023 StartEngine $84,926,904 $4,563,175 Equity - Common Funded RegCF
Fanbase 04/28/2022 StartEngine $50,000,000 $2,599,944 Equity - Common Funded RegCF
Fanbase 06/26/2021 StartEngine $20,000,000 $3,495,066 Equity - Common Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Fanbase on StartEngine 2022
Platform: StartEngine
Security Type: Equity - Common
Valuation: $84,926,904
Price per Share: $3.95

Follow company

Follow Fanbase on StartEngine 2022
View on StartEngine (Closed)
Deal Analytics
Company Ratings
Deal Considerations

Buy Fanbase's Deal Report

Warning: according to the close date for this deal, Fanbase may no longer be accepting investments.

Fanbase Deal Report

Get KingsCrowd’s comprehensive report on Fanbase including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Fanbase is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Fanbase deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge