Patreon raises $60 million to take membership crowdfunding model to a 'new level'
with monthly payments -- has raised $60 million in late-stage funding from investors, co-founder and CEO The Series D funding round is led by Glade Brook Capital, whose portfolio has included Snapchat and Uber, along with existing investors Thrive Capital, Initialized, Index Ventures, DFJ, Freestyle, Charles River Ventures and Otherwise.
"We envision a future where creative people everywhere can do their best work with the support of their biggest fans, and where creativity is valued for the joy, inspiration, and connection it brings," Conte wrote in a blog post declaring the new funds would take "creator memberships to a whole new level"
He continued, "We’re so grateful for the opportunity to build this future as a thriving independent company, together with creators and patrons." The six-year-old Patreon looks to carve out a membership niche in an increasingly cramped market for crowdfunding sites, where similar companies have met varying fates in the music space. Direct-to-fan music platform PledgeMusic recently
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