Patreon was founded in 2013 by Camille Hearst, Jack Conte, and Samuel Yam. In 2021 Patreon took steps towards an IPO, but decided instead to hold another round of funding that brought in $155 million. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Patreon is a platform that allows content creators to finance their work through the direct support of their audiences. The company states that more than 8 million active supporters, or "patrons," use their platform every month, and that more than 250,000 creators use the site to release their content. Patreon has seen significant growth in the last few years and has had a widespread impact on the way creators engage with their audiences. Since 2015 Patreon has acquired Clear Talent, Memberful, Kit, and Subbable. The company has raised more than $400 million in funding from investors including Mirza Canada, Maximize Capital, Lone Pine Capital, and New Enterprise Associates. Patreon has a post-money valuation of $4.3 billion.