Justin Bieber has recently invested a whopping $1.1 million in a new social-media startup called Shots of Me.
According to Fortune, this is the Biebs’ first VC investment in a social network.
The network’s other investors include venture capitalist Shervin Pishevar, boxer Floyd Mayweather and angel investor Tom McInerney.
“We got to know Justin after he began playing our games and tweeting about it,” RockLive CEO and co-founder John Shahidi told Fortune. “He’s been very involved in our products, helping us test things and providing feedback… When we told him that we were looking to create a social network for teens that really addresses what they aren’t getting on other networks, and which tries to deal with things like cyber-bullying, his eyes just lit up.”
RockLive has now raised a total of $2.7 million in seed funding, and is beginning to pitch VC firms on its first institutional funding round.
With 46.5 million followers on Twitter, and over 57 million fans on Facebook, Justin Bieber could help drive a significant amount of sign-ups for the new social network.
