Fanhouse is a Patreon-style fan-funding service that has decent chops raising money for itself too.
We wrote about its $1.3m pre-seed funding round in May 2021, including an investment from The Chainsmokers. Now its Series A round has surpassed that figure… and then some.
Fanhouse has raised $20m from VC firm Andreessen Horowitz, while also announcing that it has paid out $10m to its community of creators. Those are social media influencers in the main, but also musicians: The Chainsmokers use the app as well as owning a stake in it for example.
TechCrunch’s interview with CEO Rosie Nguyen also has another music-related nugget: Fanhouse has just integrated Spotify so that the top listeners to an artist on the streaming service can get a free subscription to their paywalled Fanhouse content.
It’s an interesting startup, not least because Nguyen has her own burgeoning side-career as an influencer, giving her an insight into some of the grimmer problems creators face.
“On Twitter, I’ll receive unsolicited dick pics, report them and never get a reply from Twitter,” she told TechCrunch. “All these problems that I experience on platforms, I set out to change…”