Patreon

crowdfundingcrowdfunding platforms

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 01/05/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Patreon is a membership platform that makes it easy for artists and creators to get paid. Thousands of musicians, podcasters, video game developers, comic creators, and others are making a salary on Patreon. Through ongoing funding, they are able to spend more time engaging their fan-base in an interactive way and continue to populate the internet with beautiful things that millions of people enjoy.

MEDICI Analysis

Patreon is a fundraising platform for creators who create a stream of smaller works, like YouTube musicians, bloggers, web comics, etc. for rewards like pre-sold concert tickets, personal gifts, meet & greets.

Focus

PRODUCTS & SERVICES

Crowdfunding for musicians, artists & content creators

Traction

VALUATION / MARKET CAP:

$450 M in 2017

People

FOUNDERS

Sam Yam

Jack Conte

BOARD MEMBERS AND ADVISORS

Danny Rimer

Dick Costolo

NUMBER OF EMPLOYEES

11-50

INVESTORS:

122 West Ventures

Accomplice

Alexis Ohanian

Allen & Company

Atlas Venture

CAA Ventures

Charles River Associates

Charles River Ventures

DFJ

Freestyle Capital

Index Ventures

Initialized Capital

Kindling Capital

Rothenberg Ventures

SV Angel

Thrive Capital

Tyler

KEY EMPLOYEES:

Sam Yam (CTO); Jack Conte (CEO)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

4

TOTAL FUNDING

$107.1 M

DATE OF LAST FUNDING

Sep 2017

TOTAL FUNDING COMMENT

The company is planning to use the fund for expanding its team size and scaling up growth by recruiting more creators including videographers, political pundits, game developers, illustrators, musicians, and comedians (Sep 2017).

SEED & PRIOR FUNDING

$2.1 M

SEED CLOSED ON

Aug 2013

FUNDING SERIES

SERIES A  · $15 M  · Jun 2014

SERIES B  · $30 M  · Jan 2016

SERIES C  · $60 M  · Sep 2017

LISTED

NO

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp