About Fave
Fave is a company based in Canada founded in 2020 by Jacquelle Amankonah Horton.. Fave has raised $4.2 million across 2 funding rounds from investors including Concord, Warner Music and Techstars. Fave operates in a competitive market with competitors including Myspace, FanLabel, Unitea, Renaissance and Makestar, among others.
- Headquarter Canada
- Founders Jacquelle Amankonah Horton
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.2 M (USD)
in 2 rounds
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Latest Funding Round
$2 M (USD), Seed
Oct 12, 2023
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Investors
Concord
& 11 more
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Employee Count
Employee Count
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Funding Insights of Fave
Fave has successfully raised a total of $4.2M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in October 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $2.0M
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First Round
First Round
(17 May 2021)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Seed - Fave | Valuation | Female Founders Fund , Warner Music | |
| May, 2021 | Amount | Seed - Fave | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fave
Fave has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Concord, Warner Music and Techstars. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments are made in US women-led tech startups.
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Founded Year | Domain | Location | |
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Investments in consumer tech sectors are managed by Goodwater Capital.
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Founded Year | Domain | Location | |
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Venture capital investing with a focus on diversity and inclusion in the ecosystem.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fave
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fave
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fave Comparisons
Competitors of Fave
Fave operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Myspace, FanLabel, Unitea, Renaissance and Makestar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
On-demand music streaming and content sharing platform
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| domain | founded_year | HQ Location |
FanLabel is operated as a music-based gaming platform.
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| domain | founded_year | HQ Location |
Mobile and web-based social community platform for music enthusiasts
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| domain | founded_year | HQ Location |
Social music platform for fan engagement
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| domain | founded_year | HQ Location |
Online platform for merchandise sales and event partnerships in Korea.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fave
Frequently Asked Questions about Fave
When was Fave founded?
Fave was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Fave located?
Fave is headquartered in Canada.
Who is the current CEO of Fave?
Jacquelle Amankonah Horton is the current CEO of Fave. They have also founded this company.
Is Fave a funded company?
Fave is a funded company, having raised a total of $4.2M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.2M, raised on May 17, 2021.
What does Fave do?
Detailed information about Faves operations, sectors, or solutions is not available from the provided content. The website lacks specific data regarding the companys focus, industry involvement, or offerings.
Who are the top competitors of Fave?
Fave's top competitors include Myspace, makromusic and FanLabel.
Who are Fave's investors?
Fave has 12 investors. Key investors include Concord, Warner Music, Techstars, Xoogler, and Female Founders Fund.