Fabulis: Gay social network gets investment

The newly-formed gay social networking site Fabulis is said to be receiving a $250 million investment, from GeoCities founder David Bohnett – who founded GeoCities at the mere age of 16 – bringing the network’s total seed money to $825,000, VentureBeat has reported.

According to Jolie O’Dell at mashable.com, Bohnett’s venture capital firm – Baroda Ventures – tends to back early-stage new and social media companies including e-commerce and e-ticketing websites, and an ad platform and online video networks.

Fabulis, which features a quick and easy Facebook integration for its signup, is a site that is specifically designed for gay men, to help them figure out where to go, what to do, who to meet and much more. However, it’s not just exclusive to gay men.

It also has a great interface, with features that scream “intuitive” and “accessible.” The self-tagging feature comes in handy as well, as it allows you to easily find others who identify themselves in the same way. And the site also features an anonymous Q&A function.

You can read more about this new site via the link above.