Fanhouse, a fledgling, OnlyFans-esque platform whose aim is to help creators monetize their fan communities with safe-for-work content, has raised $1.3 million in seed funding. The round was led by Chapter One’s Jeff Morris Jr. and Mantis VC, an early-stage tech investment firm formed by music duo The Chainsmokers. Other participants included 20VC’s Harry Stebbings, Niche and Brat founders Darren Lachtman and Rob Fishman, Parcast founder Max Cutler, PlayVS founder Delane Parnell, NEA’s Luke Pappas, Plus Capital’s Ryan Morris, and product designer Jordan Kutzer. In a Twitter thread, the company noted that women make up 30% of its capitalization table, including creator economy leader Li Jin, finance and gaming creator Chelsea Maag, writer and host Jilly Hendrix, and fashion influencer Rocky Barnes. Fanhouse, a fledgling, OnlyFans-esque platform whose aim is to help creators monetize their fan communities with safe-for-work content, has raised $1.3 million in seed funding.
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Fanhouse, a platform that launched in October and allows influencers to place content behind a paywall and charge fans for access, has attracted 150 creators, 2,500 users, and paid out more than $70,000 in revenue in its first two months, according to documents reviewed by Business Insider.
Unlike other subscription-based platforms, influencers using Fanhouse have no expectation to provide subscribers with anything different from the kind of content they share on other sites for free. On Fanhouse, extra access is the value proposition.
Creators like Jasmine Rice, who is also a cofounder of the platform, turn followings from other social media into thousands in monthly revenue. Using Fanhouse, Rice has netted more than $6,000 in two months.