Fanbase Social Raises $4.5M in Crowdfunding
Fanbase, the ad-free social
media platform, has triumphed in its equity crowdfunding round, securing
over $4.50 million, pushing the total raised funds to $10 million. This marks
the third seed round for public investment via StartEngine, emphasizing the platform's
dedication to equity and inclusivity in social media, especially for
marginalized communities.
Isaac Hayes III, founder, envisions Fanbase as an ecosystem
where every user is a part-owner. Their motto "Be You. Without
Limits." reflects their commitment to democratizing social media. Hayes
expresses the platform's aim to empower its community, inviting users to invest
in the platform they believe in, transforming users into a collective voice for
success.
Fanbase distinguishes itself by offering various media
features and a monetization framework where users can subscribe to each other,
facilitating content monetization directly through profiles. The platform's
affordability and inclusivity foster a community where anyone can join, create,
and connect.
Capitalizing on "The JOBS Act" legislation,
Fanbase leverages equity crowdfunding to invite small investors into the growth
journey, boosting businesses while granting citizens a stake in startups.
The raised funds are earmarked for the platform's growth,
focusing on user experience enhancement, creator tools, feature improvements,
and widened marketing efforts, aiming to reshape the social media landscape.
Fanbase beckons all to partake in their journey, reshaping
social media, championing diversity, and amplifying every voice. To learn more,
visit their website or download the Fanbase app, and be part of this
transformative social media experience.
More Information : https://www.techdogs.com/tech-news/pr-newswire/fanbase-social-media-crosses-45-million-dollars-in-latest-crowdfunding-raise
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