Fanbase hits $12.7 million milestone to support Black creators
Fanbase, a growing social media platform based in Atlanta, has raised over $12.7 million in its equity crowdfunding campaign. The startup is now moving toward its $17 million goal while staying focused on one mission — helping Black creators earn what they truly deserve.
Led by founder Isaac Hayes III, Fanbase gives everyday people the chance to invest in the future of social media. Instead of using traditional venture capital, the platform invites users to join the journey for as little as $3.99.
A mission to build wealth and ownership for creators
Hayes celebrated the funding news in an Instagram post, calling it “a part of a larger mission to democratize ownership in the social media space.” That means giving both creators and users the chance to grow with the platform.
Fanbase is built on a belief that creators should earn money for their content and impact. Hayes wants to fix the system where Black creativity is often used but rarely rewarded. “We have to understand that Black culture is actually our ‘vibranium,’ our asset,” he said.
Historic progress since 2024 seed round
This new milestone follows an earlier achievement in 2024. That year, Fanbase raised $10 million, making Hayes the first Black man to do so in a seed round through equity crowdfunding. The raise took place on StartEngine under Regulation Crowdfunding rules.
Hayes, the son of legendary soul artist Isaac Hayes, says this is only the beginning. “We have a plan, and we’re going to be able to scale and build the business in real time,” he shared. He also pointed out that many people have big hopes for Fanbase, and he wants to deliver.
Opening the door for small investors
What makes Fanbase different is that it allows almost anyone to invest. Hayes believes the power of ownership should not be limited to the wealthy. Even small amounts, like $3.99, give people a way to become part of the movement.
By inviting regular users to join in, Fanbase is not just building a company — it’s building a community. This approach gives investors a personal stake in the success of the app and its mission to support creators.
A network built on Black collaboration and support
Hayes credits the Black community for much of Fanbase’s progress. He mentions early supporters from Collab Capital and others who believed in his vision. People like Angela Benton, Monique Idlett, and Dawn Dixon also mentored him on crowdfunding and investing.
“They helped me raise capital,” Hayes said. “That’s why I always tell people how to raise capital and do the same thing—I always pay it forward.” For him, it’s not just about raising money. It’s about sharing knowledge and helping others grow too.
