Patreon triples valuation to $4 billion in new raise

Patreon triples valuation to $4 billion in new raise

3 years ago
Anonymous $4BDEsVAtYS

https://techcrunch.com/2021/04/06/patreon-triples-valuation-to-4-billion/

Patreon has tripled its valuation to $4 billion in a $155 million funding round led by Tiger Global, the company confirmed to the Wall Street Journal on Tuesday. 

The creator economy platform, which allows artists to be directly funded by their fans, received new attention amid the Covid-19 pandemic as creators were forced to push more of their work online. The creator payments space has seen a multitude of new entrants in recent months but the eight-year-old Patreon has already built up an extensive network. In a blog post last year, Patreon noted that more than 30,000 creators signed up for the service in the first weeks of March 2020.

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