Fanvue, a London-based AI creator monetization platform, has now achieved a $100 million annualized run rate and secured a $22 million Series A round of funding led by Inner Circle, a move which sees investors have faith in their plan to revolutionize how content is made as a direct source of income for its users. At present, it has a platform which now houses 250,000 content creators and 17 million monthly users and is currently using their propriety AI tools such as analytics and voice content generation for its content providers to help them grow their businesses and earn them more profits without using advertising as their source of income, where more than 93% of its users have adopted at least one of its AI tools.
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The investors in the round include well-regarded founders and venture partners in the European technology and entertainment industries, supporting the nascent Creater AI Economy and the market-leading position of Fanvue. With revenue growth of 450% y-o-y and the headcount close to tripled, the capital will drive further growth in the global market, AI development, and talent acquisition as Fanvue aims to increase mass market adoption by niche and mainstream creators to further disrupt the direct-to-fan market.