Patreon Says It Has a $4 Billion Valuation After Raising $155 Million in New Funding
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variety.comTodd Spangler NY Digital EditorPatreon just got a boatload of fresh funding — and the creator-monetization platform says it now has a valuation of $4 billion, more than tripling from its most recent raise in September 2020.The San Francisco-based company said it raised $155 Million in Series F financing led by new investor Tiger Global Management, with participation from Woodline Partners and existing investors Wellington Management, Lone Pine Capital, NEA, Glade Brook Capital and DFJ Growth.
The funding brings the company to a total of $410 million raised to date.Patreon said the additional funding will let it “explore” potential acquisitions, as well as accelerate initiatives it previously outlined — including to enhance creator and fan.
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