Total amount raised
$47.1 Millions
Latest funding date
January, 2016
Location
Patreon has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform empowers creators to monetize their work and build dedicated communities.
Keep reading to explore the intricacies of Patreon's fundraising journey and the investors backing this innovative platform.
What Is Patreon?
Patreon, founded in 2013 by Jack Conte and Sam Yam, is headquartered in San Francisco, California. The platform enables creators to build communities and monetize their work through memberships and digital sales.
With a focus on creative freedom, Patreon supports a wide range of content, including videos, podcasts, writing, art, and music. The company has grown significantly, employing a diverse team dedicated to empowering creators.
Patreon continues to innovate, providing tools that help creators connect directly with their fans and sustain their creative endeavors.
How Much Funding Has Patreon Raised?
- Seed Round
- Amount Raised: $2.1M
- Date: August 2013
- Lead Investors: Initialized Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the platform and begin building a user base.
- Series A
- Amount Raised: $15.3M
- Date: June 2014
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance features for creators.
- Series B
- Amount Raised: $30M
- Date: January 2016
- Lead Investors: Thrive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and improve user experience.
- Series C
- Amount Raised: $59.4M
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and new product development.
- Series D
- Amount Raised: $60M
- Date: July 2019
- Lead Investors: Glade Brook Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand internationally and enhance platform capabilities.
- Series E
- Amount Raised: $90M
- Date: September 2020
- Lead Investors: New Enterprise Associates, Wellington Management
- Valuation at Round: $1.2 billion
- Motivation Behind the Round: To support growth during the COVID-19 pandemic and enhance platform features.
- Series F
- Amount Raised: $155M
- Date: April 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: $4 billion
- Motivation Behind the Round: To explore acquisitions, enhance user experience, and expand internationally.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and support platform growth.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: November 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
Total Amount Raised: $413.3M. Current Valuation: $4 billion.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that manages capital across public and private equity funds. They led Patreon's Series F funding round, contributing significantly to its $4 billion valuation.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Wellington Management
- Details: Wellington Management is a private, independent investment management company. They have been an earlier investor in Patreon and participated in the latest funding round.
- Investment Focus Areas: Technology, financial services, healthcare.
- Notable Investments: Airbnb, DoorDash, Robinhood.
- Lone Pine Capital
- Details: Lone Pine Capital is a hedge fund that focuses on technology and consumer sectors. They have continued their investment in Patreon through multiple funding rounds.
- Investment Focus Areas: Technology, media, consumer.
- Notable Investments: Amazon, Google, Netflix.
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare. They have been a consistent investor in Patreon, participating in several funding rounds.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Robinhood, Coursera, Duolingo.
- Glade Brook Capital Partners
- Details: Glade Brook Capital Partners is an investment firm that focuses on high-growth technology and consumer internet companies. They led Patreon's Series D funding round.
- Investment Focus Areas: Technology, consumer internet.
- Notable Investments: Snap, Alibaba, Peloton.
What's Next for Patreon?
Patreon stands at the cusp of significant opportunities, driven by a surge in the creator economy and a $4 billion valuation. The platform's recent $155 million funding round, led by Tiger Global Management, underscores the vast potential for growth. With over 200,000 creators and millions of fans, Patreon is poised to enhance user experiences, expand internationally, and explore strategic acquisitions.
Future fundraising appears promising, given the platform's robust market position and investor confidence. However, challenges such as increasing competition, maintaining user engagement, and navigating international markets could test Patreon's resilience. As the creator economy evolves, Patreon's ability to innovate and adapt will be crucial for sustained success.
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