PRESS ROOM: Fanbase Launches $17 Million Equity Crowdfunding Campaign

By BlackPressUSA
From – https://blackpressusa.com/
Reprinted – by Texas Metro News

(Atlanta, GA) – Fanbase, the next generation, user-owned social media app, has begun its $17 million Reg A series equity crowdfunding campaign, allowing the public to invest for just $399.

Founded by entrepreneur Isaac Hayes III, Fanbase disrupts the conventional social media model by introducing an innovative monetization approach. This approach enables creators to start earning from day one. Accumulating over $10 million from three distinct crowdfunding campaigns via StartEngine, Fanbase demonstrates the powerful support and confidence from a community of users and investors. Fanbase empowers users to become investors and make money from the very platform they help become popular.

Fanbase’s brand promise of “Be You. Without Limits,” is a reflection of their company values in creating a space for authentic self-expression across diverse content creation functionalities, including photo/video sharing, audio chat, live streaming, stories, and both short-form and long-form video content. This model not only champions creativity but also facilitates direct monetization of content, distinguishing Fanbase in the creator economy.

As Fanbase’s journey unfolds, its trajectory is marked by significant milestones, reflecting the platform’s growth and innovation. The community has grown to over half a million users, stretching across 190 countries, showcasing the universal appeal and scalability of Fanbase’s model. The introduction of more than 20 features in 2023 alone, such as Unlimited Subscriptions, AI Algorithms, Long-Form Video on the Web, and Chat Rooms in Fanbase Audio, highlights the platform’s commitment to continuous improvement and user-centric innovation. Furthermore, Fanbase submitted a patent for seven core functionalities, including Peer-to-Peer In-App Subscription and Revenue-Driven Audio conversations, putting them at the forefront of creator economy innovation.

The $17 million raised in this equity crowdfunding campaign will be strategically invested in further enhancing the Fanbase platform, focusing on improving user experience, expanding feature sets, protecting IP, and broadening marketing efforts to reach even more users globally.

Fanbase is furthering its community-driven mission by partnering with Apple’s HBCU Non-Profit Organization, Propel. Mentoring and working with HBCU students nationwide to empower the next generation of content creators.

“This round is a big deal. It represents the shaking up of the creator economy and shows what equity crowdfunding can achieve. It demonstrates that when the opportunity for equity in social apps is made available, amazing things happen,” says Fanbase founder and entrepreneur Isaac Hayes III.

“This raise isn’t just a milestone; it’s fuel for our journey to innovate without limits and empower creators with every tool they need to succeed.”

Click here to invest in Fanbase!: startengine.com/fanbase

About Fanbase:

Fanbase Social Media is the home for creators looking to monetize their content from the outset. Founded by Isaac Hayes III, Fanbase is driven by a mission to democratize social media, offering a platform where users can “Be You. Without Limits.” For People Who Value Content And Community, Fanbase Is The Next-Generation Social Creator Hub That Allows Any User To Earn Money From Day One. Unlike Other Social Apps, Fanbase is the One Place You Can Truly Be You. Without Limits.

This Reg A+ offering is made available through StartEngine Primary, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Offering Circular (link) Risks (link)