Favorited, a new livestream app, has raised $1.3 million in pre-seed funding from investors including a16z. The app aims to provide an interactive platform for creators to engage with followers, featuring gifting and competitive revenue splits of 70/30 for creators. Founded by David Tesler and Zach Ferraro, Favorited currently has over 750,000 users and plans to scale globally. The platform has generated over $4 million in monthly revenue, with creators receiving more than $2.5 million in gifts last week alone. Favorited is available on both the App Store and Google Play.