Fabulis , the social network for gay men , is now Fab.com , a far more memorable (domain) name. The young company behind the site, which is designed to help gay men discover people, places and activities all over the globe, has also raised $1.75 million in Series A funding from investors such as First Round Capital , The Washington Post Company , Baroda Ventures and Zelkova Ventures .
The financing comes on top of an earlier $1.25 million in angel financing, bringing the startup’s total of capital raised to nearly $3 million. Fab.com has also gotten a number of enhancements , coinciding with the revamp. Now over 110,000 members strong, the company has just launched a global directory of “gay-friendly places” with accompanying rankings, reviews, tips and photo uploads, complementing the site’s interactive profiles and database of gay-relevant events. Fab.com also offers an iPhone app , which includes the ability to check in, identify your current location, rate places, name the people you’re with, upload images and more. The startup says 40% of its members log in at least 10 times per month, while 25% visit more than 50 times per month. The site welcomes more than 5,000 new users on a weekly basis.
