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Patreon Secures $90M In Funding To Push It Into Unicorn Status

by siliconrepublic.com posted 3weeks ago 52 views
Patreon, a platform that allows people to give regular donations to their favourite creators, has achieved unicorn status after announcing a new round of funding. In a blog post, its founder and CEO Jack Conte announced the company had raised $90m in new funding which, according to The Wall Street Journal, now gives it a valuation of $1.2bn. Founded in 2013 as a way for creators and artists to earn money outside of advertising revenue on sites such as YouTube, Patreon now has more than 200,000 creators signed up to the platform and have collectively earned $2bn to date.

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