Gay Social Network Raises $8 Million is a social network for gay men that used to be known as Fabulis. has raised $8 million in Series A funding.

The Series A funding was from Menlo Ventures, First Round Capital, Baroda Ventures, The Washington Post, Jason Goldberg, SoftTech VC, SV Angel, Ashton Kutcher, Guy Oseary, A-Grade Investments, and Zelkova Ventures. Angel investors in this round included Kevin Rose, Jon Anderson, Don Baer, Josh Kusher, Dave Morgan, Ben Ling, and David Tisch.’s seed round of funding was $1 million from Ashton Kutcher, SV Angel, SoftTech VC, First Round Capital, Baroda Ventures, and The Washington Post. has daily design inspirations and flash sales that provides 70% off of the retail cost. Membership to is free, but the number of users are capped to maintain the low prices. launched on June 9, 2011 and they have 350,000 registered users. reported a profit of $1.3 million in the first 30 days of the debut. The company currently has about 45 employees.


This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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