About this raise

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.

Expand

Investment Overview

Invested this round: $4,563,175

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
09/23/2022
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

Company & Team

Company

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
Visit Website

Team

Employees
14
Prior Founder Exits?
No
Founder Name
Isaac Hayes
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue
$161,696
 Monthly Burn
$243,288
 Runway
5 months

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

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /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

Company Funding & Growth

Funding history

Total Prior Capital Raised
$5,735,165
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/26/2025 StartEngine $160,030,000 $9,059,293 Equity - Common Active 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
Create a free account today to gain access to Kingscrowd analytics.

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.

Employee History

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

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