Friendbase AB

Friendbase AB

An avatar based social network, a fun packed chat world for young people to meet new friends, play games and learn. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
EUR2016201720182019202020212023
Revenues<1m<1m<1m<1m<1m<1m<1m
% growth(28 %)81 %(93 %)(17 %)(24 %)734 %-
EBITDA(<1m)(<1m)(<1m)(<1m)(<1m)(<1m)-
% EBITDA margin(36 %)(492 %)(5114 %)(3545 %)(4201 %)(1232 %)-
Profit(<1m)(<1m)(<1m)(<1m)(<1m)(<1m)-
% profit margin(408 %)(730 %)(9421 %)(8700 %)(9903 %)(2143 %)-

Source: Dealroom estimates

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DateInvestorsAmountRound
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N/A

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*

€400k

Seed
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N/A

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Total FundingCAD600k

Recent News about Friendbase AB

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Friendbase is a virtual world designed for teenagers, offering a platform where users can chat, decorate their own rooms, play games, and engage in quizzes. The company operates in the social networking and online gaming market, targeting a global audience of teenagers. Friendbase's business model revolves around creating an engaging and safe environment for teens to interact, learn, and have fun. The platform generates revenue through in-app purchases and advertising. By fostering a collaborative and inclusive atmosphere, Friendbase aims to combat the toxic environments often found in other social networks. The company has also partnered with MemoMoti to enhance learning through user-created quizzes and has been accepted into the App Store Small Business Program, benefiting from reduced commission fees. Additionally, Friendbase has received support from Amazon Web Services, which has provided $25,000 in credits to help scale their operations.

Keywords: virtual world, teens, chat, room decoration, multiplayer games, quizzes, social networking, in-app purchases, advertising, collaborative environment.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.