Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Patreon history
Patreon company history timeline
The company raised $2.1 million in August 2013 from a group of venture capitalists and angel investors.
More than $1 billion will be paid out to creators since the company’s inception in 2013.
In June 2014, Patreon raised a further $15 million in a series A round led by Danny Rimer of Index Ventures.
In late 2014, the website announced that patrons were sending over $1,000,000 per month to the site's content creators.
They then purchased Subbable—one of their leading competitors in the subscription-service industry—in March of 2015.
In January 2016, the company closed on a fresh round of $30 million in a series B round, led by Thrive Capital, which put the total raised for Patreon at $47.1 million.
The podcast group joined in May 2016.
The account joined in March of 2017.
In May 2017, Patreon announced that it had over 50,000 active creators and 1 million monthly patrons, and was on track to send over $150 million to creators in 2017.
The company also revised its content policy in 2017 to eliminate the site’s use for the exchange of adult-themed photos, videos and content.
The account has around 68,083 patrons monthly as of January 2018, up some 2,453.8% for the year.
Additionally, Patreon encountered issues after the site began denying patron's payments and even flagging some as fraudulent in July of 2018.
In August 2018, Patreon announced the acquisition of Memberful, a membership services company.
In fact, Fortune reported in 2018 that the top 3% of the most-viewed YouTube channels only made around $16,800 from advertising in a year - only slightly more than the United States federal poverty level.
The number of active patrons supporting artists on the platform in 2019 has seen significant growth, up 1 million over the last year, the company said.
Patreon will send content creators more than half a billion dollars to fund their membership businesses in 2019.
The end of the pandemic is looming on the ever-growing horizon, but there’s little to no question that many changes brought on by 2020 will be here to stay for the long haul.
In October 2021, Patreon confirmed they were looking into implementing Crypto Currencies and NFTs after creators expressed interests in having the opportunity to offer exclusive memberships and benefits to their patrons through a coin or token.
© 2022 Yahoo.All rights reserved.Powered by WordPress VIP(opens in a new window).
Rate Patreon's efforts to communicate its history to employees.
Patreon jobs
Do you work at Patreon?
Is Patreon's vision a big part of strategic planning?
Patreon history FAQs
Zippia gives an in-depth look into the details of Patreon, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Patreon. The employee data is based on information from people who have self-reported their past or current employments at Patreon. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Patreon. The data presented on this page does not represent the view of Patreon and its employees or that of Zippia.
Patreon may also be known as or be related to Patreon, Patreon Inc and Patreon, Inc.