Patreon - About the company
Patreon is a series F company based in San Francisco (United States), founded in 2013 by Jack Conte and Sam Yam. It operates as a Reward-based crowdfunding platform for musicians and content creators. Patreon has raised $412M in funding from investors like Thrive Capital, Index Ventures and Glade Brook Capital, with a current valuation of $4B. The company has 77 active competitors, including 15 funded and 8 that have exited. Its top competitors include companies like Substack, Medium and FANDOM.
Sectors and market segments that Patreon operate in
Patreon serves in the B2C space in the FinTech, Media & Entertainment market segments.The primary business model of Patreon are:Company Details
Reward-based crowdfunding platform for musicians and content creators. It allows users to invest in projects to avail returns in the form of pre-sold concert tickets, personal gifts, meet & greets, etc. The backers pledge a fixed amount every month to the chosen project. It is based on the ad revenue and per-stream payouts model. The application can be accessed on iOS and Android devices.
- Website
- Social
- Email ID
- @patreon.com
- Phone Number
- +1
Key Metrics
Founded Year
2013
Location
San Francisco, United States
Stage
Series F
Total Funding
in 7 rounds
Latest Funding Round
Post Money Valuation
as on Apr 07, 2021
Investors
Ranked
1st among 77 active competitors
Employee Count
as on Dec 31, 2023
Investment & Acquisitions
Moment &
Similar Companies
Substack &
Legal entities associated with Patreon
Patreon is associated with 1 legal entity given below:
Legal Entity Name | Date of incorporation | Revenue | Net Profit | Employee Count |
|---|---|---|---|---|
Sep 06, 2023 | - | 454 | 440 |
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Patreon's funding and investors
Patreon has raised a total funding of $412M over 7 rounds. Its first funding round was on Aug 02, 2013. Its latest funding round was a Series F round on Apr 06, 2021 for $155M. 7 investors participated in its latest round, lead by Tiger Global Management.
Patreon has 40 institutional investors including Thrive Capital, Index Ventures and Glade Brook Capital. There are 8 Angel Investors in Patreon.
Here is the list of recent funding rounds of Patreon:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Apr 06, 2021 | $155M | Series F | $4B | - | |
Sep 02, 2020 | $90M | Series E | $1B | - | |
Jul 16, 2019 | $60M | Series D | - | - |
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Patreon's valuation details
Patreon is valued at $4B as per the latest available filings. Here is Patreon's valuation trend over time:
Date | Valuation |
|---|---|
Apr 21 | $4B |
Sep 20 | 689 |
Sep 17 | 782 |
See how Patreon's valuation has changed over time. Sign up today!Patreon's founders and board of directors
The founders of Patreon are Jack Conte and Sam Yam. Jack Conte is the CEO of Patreon. Sam Yam has founded 2 more companies - ChompOn and AdWhirl.
View details of Patreon's Founder profiles and Board Members
Patreon's employee count trend
Patreon has 392 employees as of Dec 23. The total employee count is 15.0% more than what it was in Dec 22. Here is Patreon's employee count trend over the years:
Uncover Patreon's growth story! Sign up today!Patreon's Competitors and alternates
Top competitors of Patreon include Substack, Medium and FANDOM. Here is the list of Top 10 competitors of Patreon, ranked by ÃØÃÜÑо¿Ëù score :
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Overall Rank | Company Details | Short Description | Total Funding | Investors | ÃØÃÜÑо¿Ëù Score |
|---|---|---|---|---|---|
1st | 2013, San Francisco (United States), Series F | Reward-based crowdfunding platform for musicians and content creators | $412M | New Enterprise Associates, Atlas VentureÌý&²¹³¾±è;Ìý | 80/100 |
2nd | Substack 2017, San Francisco (United States), Series B | Subscription-based content management platform for publishers | $89.5M | TriplePoint Capital, General CatalystÌý&²¹³¾±è;Ìý | 82/100 |
3rd |  Medium 2012, San Francisco (United States), Series C | Online platform allows users to read and write blogs | $163M | Greylock, Google VenturesÌý&²¹³¾±è;Ìý | 81/100 |
4th |  FANDOM 2005, San Francisco (United States), Series E | Online social platform for media enthusiasts | $152M | 74/100 | |
5th | Bandcamp 2007, San Francisco (United States), Acquired | Online music crowdfunding platform for labels and artists | $40M | 70/100 | |
6th | Scoop.it 2010, San Francisco (United States), Acquired | Content curation and social sharing platform for businesses | $2.6M | Elaia, IRDI Soridec GestionÌý&²¹³¾±è;Ìý | 67/100 |
7th |  beatBread 2020, Los Angeles (United States), Series A | Online music funding platform | $134M | Mucker, Angel VenturesÌý&²¹³¾±è;Ìý | 58/100 |
8th | Posterous 2008, San Francisco (United States), Acqui-Hired | Online blogging platform for users | $10.1M | Redpoint Ventures, SV AngelÌý&²¹³¾±è;Ìý | 53/100 |
9th | Bloglovin' 2008, New York City (United States), Series A | Aggregator of blogs | $11.1M | Lerer Hippeau, RRE VenturesÌý&²¹³¾±è;Ìý | 49/100 |
10th | Mobile app to voice opinions | $3M | Index Ventures, SunstoneÌý&²¹³¾±è;Ìý | 49/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Patreon's competitors? Click to see the top ones
Patreon's Investments and acquisitions
Patreon has not made any investments yet. Patreon has made 5 acquisitions. Here is the list of latest three acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Oct 17, 2023 | Acquisition | 2019 | Los Angeles, United States | |
Aug 31, 2021 | Acquisition | - | ||
Aug 08, 2018 | Acquisition | - |
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Reports related to Patreon
Here is the latest report on Patreon's sector:
View
News related to Patreon
Media has covered Patreon for a total of 5 events in the last 1 year, 4 of them have been about company updates.
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Tubefilter•Sep 18, 2024•Patreon
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TechCrunch+•Sep 18, 2024•Patreon
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Global Village Space•Oct 05, 2023•Patreon
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TechCrunch+•Sep 08, 2023•Patreon
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Frequently asked questions about Patreon
When was Patreon founded?
Patreon was founded in 2013.Where is Patreon located?
Patreon is located in San Francisco, United States.Is Patreon a funded company?
Patreon is a funded company, its first funding round was on Aug 02, 2013.When was the latest funding round of Patreon?
Patreon's latest funding round was on Apr 06, 2021.How much is Patreon worth?
The latest valuation of Patreon is $4B as on Apr 07, 2021.What is the annual revenue of Patreon?
Annual revenue of Patreon is undefined as on undefined.Is Patreon a Crowdfunding company?
The primary sectors of Patreon are Crowdfunding and Digital Publishing Platforms.Our Lite Plan Awaits you - Its Free!
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