Fanbase

Fanbase

Growth Stage

Next Gen Social Media

Overview

Raised to Date: Raised: $1,024,440

Total Commitments ($USD)

Platform

StartEngine

Start Date

02/25/2024

Close Date

Not Provided

Min. Goal
$399
Max. Goal
$17,595,000
Min. Investment

$399

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$6.65

Pre-Money Valuation

$160,030,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/30/2024

% of Min. Goal

256,752%

% of Max. Goal

6%

Likelihood of Max
unlikely
Avg. Daily Raise

$15,761

# of Investors

959

Momentum
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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

Fanbase, with a valuation of $160.03 million, is raising funds on StartEngine through Reg A+ crowdfunding. It is a subscription-based social media network that allows users to monetize their content and earn. Fanbase users can either grow organically for free or pay for a subscription to exclusive content. The network is building a new ecosystem and combining social networks and monetization platforms. Fanbase has over 570,000 users, with a 27% CMGR, and has launched over 20 new features, including Chat Rooms in Fanbase Audio, Fanbase Audio on the Web, and AI Algorithms. Isaac Hayes III founded Fanbase in 2018. The current crowdfunding campaign has a maximum target of $17.6 million. The campaign proceeds will be used for research and development, sales and marketing, and general and administrative expenses.

Balance Sheet

Cash and Cash Equivalents

$1,128,495

Investment Securities

$50,000

Accounts and Notes Receivable

$0

Property, Plant and Equipment (PP&E)

$204,849

Property and Equipment

$204,849

Total Assets

$1,383,344

Accounts Payable & Accrued Liabilities

$510,408

Long Term Debt

$0

Total Liabilities

$510,408

Total Stockholders' Equity

$872,936

Total Liabilities and Equity

$1,383,344

Statement of Comprehensive Income Information

Total Revenues

$50,936

Costs & Expenses Applicable to Rev

$1,661,361

Depreciation and Amortization

$0

Net Income

$-1,610,426

Earnings Per Share - Basic

$-0.07

Earnings Per Share - Diluted

$-0.07

Auditor: SetApart FS
Financials as of: 02/25/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Fanbase 02/25/2025 StartEngine $160,030,000 $1,024,440 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
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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

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Fanbase on StartEngine 2024
Platform: StartEngine
Security Type: Equity - Common
Valuation: $160,030,000
Price per Share: $6.65

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