Patreon raises $60 million because fans still pay for content

Patreon confirms it's raised a $60M Series C led by Thrive Capital; sources say the valuation was $450M

Patreon: I’ve got some exciting news! Patreon has just secured an additional round of financing ($60M!), which means we will be scaling our team, building faster, and building more — all in service of getting you paid what you deserve to be paid, for the value you give the world. YESSS!
Right now, you and your patrons send us thousands of emails every month asking for features, functionality, and new products. I feel your pain, so hard. And so does every team member at Patreon. We so desperately want to build a world of awesome products for you — every bone in our bodies aches for it. And this new round of financing brings us closer than ever to that world.

Featured image by Miranda Harmon (follow her on Patreon), remixed by Josh Constine

Powered by Blogger.