by Christopher Freeburn | November 5, 2013 10:16 am
Canadian pop sensation Justin Bieber has taken a stake in a new social media network.
Shots of Me, which launches later this week, is aimed at teens — Bieber’s primary audience — and is run by the development team behind RockLive’s mobile gaming apps. The popular singer has reportedly invested $1.1 million in seed financing for the new social media platform, Fortune notes.
RockLive’s CEO said that Bieber had been a supporter of the company’s social gaming apps for years and was eager to back to new startup.
The company has raised $2.7 million in seed financing for the venture.
Bieber has already demonstrated online muscle, attracting 46.5 million Twitter followers.
Here are more Justin Bieber News and Celebrity Headlines:
Source URL: http://investorplace.com/2013/11/shots-justin-bieber-invests-1-1m-new-teen-social-network/
Short URL: http://invstplc.com/1nuTVY0
Copyright ©2016 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.