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Fab, a social network for gay men, has raised $1.75 million in a first round of funding from investors including existing backer the Washington Post Co. (NYSE: WPO) The social network, which claims 112,000 members, is announcing the new funding, along with a remake of its site. It’s getting a new name (it launched as Fabulis), as well as a number of new features, including an index of gay-centric places and events.
The company was founded earlier this year by Jason Goldberg, the former Jobster CEO who started Socialmedian and sold it to professional social network Xing in 2009. Goldberg says Fab is now adding 5,000 new users a week and that he has been “thrilled” by the reception so far.
The site had raised $625,000 in an angel round in January and had added to that funding round several times since then. This investment, which in addition to the Washington Post Co., comes from First Round Capital, Baroda Ventures and Zelkova Ventures, brings Fab’s total backing to $3 million.
Here’s a video describing some of the latest changes to the site: