Storytelling Social Net FanLib Launches With $3 Million In Funding

Until it launched this past week, FanLib, a site dedicated to showcasing fan fiction, had been working in stealth mode after raising a previously unannounced $3 million from H.I.G. Ventures at the end of last year. Fan fiction is “a broadly-defined term for fiction about characters or settings written by fans of the original work, rather than by the original creators. Fan fiction usually describes works which are [generally] uncommissioned by the owner of the work, and usually (but not always) works which are not professionally published.”

In FanLib’s case, it launches with co-promotional partners including HarperCollins, Penguin Books, Showtime Networks, Simon & Schuster, and Starz Entertainment. The launch partners are heavily featured and have customized marketing integrated on the site while providing promotion for the site. Release