Fanbase, the ad-free social media platform that enables users to monetize their content and connect with their audience via various media features, has announced that its current equity crowdfunding round has successfully raised $4.50 million. This takes Fanbase’s total fundraising to $10 million.
This will be Fanbase’s third seed round open to the general public. Fanbase uses StartEngine for Equity Crowdfunding to demonstrate Fanbase’s constant dedication to fostering equity and diversity in the social media world, particularly for historically marginalized communities.
Isaac Hayes III, son of the late Isaac Hayes, founded the label. Isaac’s purpose is to allow users to freely contact the full social audience and to democratize social media for everyone. As a result, the company’s brand promise is “Be You. Without Limits.”
“Equity crowdfunding is our way of inviting the Fanbase community to invest in the platform in which they believe.” We’re not simply creating a product; we’re creating a community-driven ecosystem in which every voice, creator, and supporter has a stake in our collective success.” – I. Hayes III
This vision serves as the foundation for Fanbase’s goal of empowering users and giving them with a platform where their opinions may genuinely be heard.
Fanbase takes a novel method to social media monetization for its subscribers. Photo/video, audio chat, live streaming, tales, short-form, and long-form videos are among the media capabilities available to users. Fanbase allows users to subscribe to each other through in-app purchases, encouraging innovation and allowing all users to monetize their work directly through their Fanbase profiles. Fanbase distinguishes itself by being both affordable and inclusive. The software is free to download and use, and it allows anyone to establish a profile, gain followers, and connect with others.
The fanbase extends its brand promise even further by making use of the Obama administration’s recently passed law, “The JOBS Act.”This enables Main Street small businesses and high-growth organizations to more efficiently raise financing from retail citizen investors. Allowing small and emerging businesses across the country to grow and hire more quickly, as well as allowing ordinary citizens to invest in small startups.
Equity crowdfunding offers businesses a unique opportunity to turn their customers into owners and build a more devoted user base willing to promote the firm.
Dedicated to improving the Fanbase user experience every day, the monies received in this successful equity crowdfunding campaign will go towards Fanbase’s expansion and development projects. This money will be used to improve user experience, creator tools, platform features, and marketing initiatives to reach a larger audience.
Fanbase Social Media invites everyone to join them in their quest to transform the social media landscape, champion diversity, and ensure that every voice is heard.