Is the Future of Music Fan-Supported? Patreon Raises $30 Million

Patreon, a San Francisco-based patronage platform that supports artists, has now raised $30 million in Series B funding.

Patreon was founded in 2013 by Sam Yam and currently features 17,000 creators in 15 categories including photography, animation, and crafts. Patreon not only enables fans and sponsors to support artists and creators, but the company also supports artists and creators on a reoccurring basis for each work created.

According to Patreon CEO Jack Conte, the new funds will be used to hire more engineers within the product team. The funding will also be used to develop the mobile app and to build tools that creators need, including analytics, communication tools, and reward management.

The company also allows creators like webcomics, Youtubers, podcasters to get ongoing funding directly from their fans.

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