Patreon rakes in $30 mln Series B


Patreon, a patronage platform that supports artists, has raised $30 million in Series B funding. Thrive Capital led the round with participation from Allen and Company, Charles River Ventures, Index Ventures, Accomplice and Freestyle Capital.

PRESS RELEASE

San Francisco, CA. January 19th, 2016
Patreon, the best way for creators like webcomics, youtubers, podcasters to get ongoing funding directly from their fans, announced today that they’ve secured an additional $30MM in capital for their series B round of financing.

Who invested in this round?
The round of funding was led by Thrive Capital with participation from Allen and Company and follow on investments by Charles River Ventures (CRV), Index Ventures, Accomplice and Freestyle Capital.

So, now that you’ve raised this money, what will you be working on?
We are going be be focused on building the tools that creators need. Creators are essentially running small media companies and they need tools to be successful; analytics, better communication tools, better reward management and more.

Some Awesome Patreon Stats
Patreon has grown to over 17,000 creators in 15 categories
Patreon has grown to 50 employees
Creators on Patreon generally double the amount they make every year
Some creators are making as much as $500,000 per year

More About Patreon
Patreon is the best way for creators like webcomics, youtubers, podcasters to get ongoing funding directly from their fans. Patrons can pledge per month or per creation in exchange for unparalleled access and tiered rewards. Patreon is empowering the creative class and helping creators to make a living creating.

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