Friendbase is an avatar based social network, a fun packed chat world for young people to meet new friends, play games and learn.
Business Model: B2C
Revenue: $0
Employees: 1-10
Address:
City: Stockholm
State: Stockholms Lan
Zip:
Country: Sweden
Enter the virtual world of Friendbase - a fun packed, activity driven virtual world where young people from all over the world play games, create content and meet new people in a fun and friendly place. Friendbase vision is to become the global platform for young teenagers all over the world. Our core values are: Entertainment Cultural Globalization Education Safety Friendbase has received some pretty impressive metrics after its release, with virtually no marketing spend. 600,000 user accounts have been created since the beginning of 2016. Friendbase is sticky: our users (60% are girls between the ages of 13-16) are spending a lot of time on Friendbase. The average user spends 30 minutes online per session, and over two sessions per day (more time than we spend on Facebook per day). Our retention rate is 30%. The platform is currently monetized through virtual goods; there are massive opportunities for organic brand integration, sellable content and paid tiers.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 2/2017 | Seed Round | $133.7k | 5/2021 | Venture Round | 1 | - |
CBC Investment Group CBC Investment Group |
5/2021 | Venture Round | 1 | - |
CBC Investment Group CBC Investment Group |
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