CNN Money reports that Justin Bieber has just made a new seed investment $1.1 million in a new teen-targeted social network. Investor VC Shervin Pishevar and boxer Floyd Mayweather have also joined the company.
According to the site, the new teen-focused social network called Shots Of Me and will launch later this week, under the RockLive brand.
RockLive CEO John Shahidi tells CNN Money:
We got to know Justin after he began playing our games and tweeting about it. 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.
Shahidi refused to provide too many details about Shots Of Me, which will be released into the Apple store later this week. He did say, however, that it will not have a gaming focus.