- Views & Opinions
Fabulis, an online social network for gay men, is getting a new name, new features, and significant new funding.
The new name is Fab and the company that runs it recently raised $1.75 million in new funding. Investors include the initial backer, the Washington Post Co.
The new funding is in addition to an earlier $1.25 million in angel financing.
The social network claims to have 112,000 members. New features include an index of gay-friendly places with accompanying rankings, reviews, tips and photo uploads, complementing the site’s interactive profiles and database of gay-relevant events.
Fab.com also offers an iPhone app, which includes the ability to check in, identify your current location, rate places, name the people you’re with, upload images and more.
The company was founded earlier this year by Jason Goldberg, the former CEO of Jobster who started Socialmedian. Goldberg says Fab is adding 5,000 new users a week and that he has been “thrilled” by the reception so far.
The startup says 40 percent of its members log in at least 10 times per month, while 25 percent visit more than 50 times per month.
WiG tried the site but was unable to gain access, even going through Facebook as required.