Patreon
crowdfunding . crowdfunding platforms
FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 01/05/2020
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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:
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
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