What is Patreon?
Co-founded in 2013 by Jack Conte and Sam Yam, Patreon operates as a membership platform designed to foster direct relationships between creators and their most dedicated supporters. Spearheading the burgeoning creator economy, Patreon has empowered over 200,000 creators to connect with more than 7 million fans, facilitating over $2 billion in earnings since its inception. The platform serves a diverse range of creators, including those in podcasting, music, visual arts, and gaming, enabling them to monetize their work, share exclusive content, and cultivate community engagement.
How much funding has Patreon raised?
Patreon has raised a total of $411.2M across 7 funding rounds:
Angel/Seed
$2.1M
Series A
$15M
Series B
$29.1M
Series C
$60M
Series D
$60M
Series E
$90M
Other Financing Round
$155M
Angel/Seed (2013): $2.1M with participation from Freestyle Capital, Charles River, Rothenberg Ventures, Atlas Venture, and SV Angel
Series A (2014): $15M led by Index Ventures
Series B (2016): $29.1M supported by Index Ventures, Thrive Capital, Freestyle Capital, and Accomplice VC
Series C (2017): $60M featuring Index Ventures, Freestyle, CRV, and Draper Fisher Jurvetson
Series D (2019): $60M backed by Index Ventures, Otherwise, Glade Brook Capital, DFJ, Freestyle Capital, Charles River, Thrive Capital, and Initialized
Series E (2020): $90M with participation from Gladebrook Capital, Lone Pine Capital LLC, New Enterprise Associates , Inc., and Wellington Management Company LLP.
Other Financing Round (2021): $155M led by Draper Associates, Lone Pine Capital, New Enterprise Associates, Glade Brook Capital, Wellington Management, TriplePoint Venture Growth BDC, and Woodline Partners
Key Investors in Patreon
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. They partner with founders with bold dreams that challenge the status quo to build enduring companies.
Freestyle Capital
Freestyle VC is an early-stage venture capital firm recognized for investing in numerous technology companies, including Airtable and Patreon. The firm focuses on supporting early-stage tech companies during their initial funding rounds.
DFJ
Draper Fisher Jurvetson is a leading venture capital firm with a global presence through a network of affiliated funds. DFJ's mission is to identify, serve and provide capital for extraordinary entrepreneurs anywhere who are determined to change the world.
What's next for Patreon?
The substantial enterprise-level capital infusion, highlighted by the recent strategic investment, positions Patreon for accelerated expansion and innovation. This backing is expected to fuel further development of its platform features, enhance creator tools, and broaden its market reach. As the creator economy continues its upward trajectory, Patreon's strategic financing will likely enable it to solidify its leadership position, explore new monetization avenues, and deepen its support for a global community of artists and entertainers. The company's focus on direct fan-creator connections remains a key differentiator in the evolving digital landscape.
See full Patreon company page
