Funding round
Patreon Seed
Patreon, which works in subscription monetization platform services in United States, raised $2.1M in a Seed round announced on 1 Aug 2013, at a $7.0M post-money valuation. It is Patreon's first venture round on record.
$2.1M
Amount raised
$7.0M
Post-money valuation
30%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Patreon at $7.0M after the new money. The $2.1M bought investors about 30% of the company. It is Patreon's first venture round on record, in the year it was founded (2013). It is under 1% of the $412M Patreon has raised in the venture rounds on record. Patreon raised again 10 months later: a Series A round of $15M in Jun 2014. Its next priced round, a Series C in Sep 2017, valued it at $450M.
Patreon's funding rounds
Patreon has 7 venture rounds on record. This one is highlighted.
- Seed this round 1 Aug 2013 $2.1M$7.0M post-money
- Series A 23 Jun 2014, led by Index Ventures $15M
- Series B 19 Jan 2016, led by Thrive Capital $30M
- Series C 14 Sep 2017, led by Thrive Capital $60M$450M post-money
- Series D 16 Jul 2019, led by Glade Brook $60M
- Series E 1 Sep 2020, led by New Enterprise Associates and Wellington Management $90M$1.20B post-money
- Series F 26 Aug 2021 $155M$4.00B post-money
Comparable rounds
How it compares
210 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.2M, and this round was 1.8 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 21 Aug 2013 | $2.3M | not disclosed | not named |
| Tech Companies | 9 Aug 2013 | $2.2M | not disclosed | Rembrandt Venture Partners |
| Tech Companies | 27 Aug 2013 | $2.0M | not disclosed | not named |
| Tech Companies | 1 Aug 2013 | $2.0M | not disclosed | not named |
| Tech Companies | 15 Aug 2013 | $1.7M | not disclosed | Andreessen Horowitz and Kleiner Perkins |
| Tech Companies | 22 Aug 2013 | $1.6M | not disclosed | Baseline Ventures |
| Tech Companies | 1 Aug 2013 | $1.5M | not disclosed | Kleiner Perkins |
| Tech Companies | 22 Aug 2013 | $1.1M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Patreon raise in its Seed round?
Patreon raised $2.1M in its Seed round, announced in Aug 2013.
What was Patreon's valuation at the Seed round?
$7.0M post-money.
How does it compare with other Seed rounds in Tech Companies?
210 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $1.2M, and this round was 1.8 times the median.
Did Patreon raise again after this round?
Yes: a Series A round in Jun 2014 of $15M.