Fave App Raises $2M

Fave, the app for superfans to connect with like-minded music lovers and obsess over their favorite artists, secured $2 million in an ongoing round. Notably, the round is expected to surpass $6 million and is backed by returning investors such as the Female Founders Fund and major industry players Warner Music and Sony Music. The company’s current valuation is $15 million. From Harry Styles’ Harries and Taylor Swifts’ Swifties to Beyoncé’s Bey Hive and the BTS ARMY, more than 50,000 devoted fans have joined Fave to congregate and share their dedication, whether that be sharing concert clips, posting fan-made art or writing about their craziest fan stories. Additionally, the app has a “Fan Verification” feature where fans are ranked according to their status — Fan, Verified Fan and Verified Superfan. Users earn points based on streaming activity, concert/event attendance, proof they met their favorite artist, as well as more extreme acts of fanship like getting a tattoo. This also allows fans to document these special moments as forms of badges.