Funding round
Patreon Series F
Patreon, which works in subscription monetization platform services in United States, raised $155M in a Series F round announced on 26 Aug 2021, at a $4.00B post-money valuation. It is Patreon's seventh venture round on record; the one before was a Series E in Sep 2020.
$155M
Amount raised
$4.00B
Post-money valuation
$3.85B pre-money
3.3x
Step-up from the Series E
$1.20B in Sep 2020
3.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Patreon at $4.00B after the new money, 3.3 times the $1.20B of its Series E (Sep 2020). The $155M bought investors about 3.9% of the company. It came 11 months after Patreon's Series E. It is 38% of the $412M Patreon has raised in the venture rounds on record. No later venture round is on record for Patreon.
Patreon's funding rounds
Patreon has 7 venture rounds on record. This one is highlighted.
- Seed 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 this round 26 Aug 2021 $155M$4.00B post-money
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
46 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was close to the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Snyk Tech Companies | 9 Sep 2021 | $530M | $8.50B | Sands Capital and Tiger Global |
| Tech Companies | 28 Jul 2021 | $175M | $3.00B | Tiger Global |
| Tech Companies | 13 Sep 2021 | $159M | $2.56B | Sapphire Ventures |
| Arctic Wolf Tech Companies | 13 Jul 2021 | $150M | $4.30B | Viking Global and Blue Owl Capital |
| Tech Companies | 27 Jul 2021 | $150M | $2.60B | B Capital |
| ShareChat Tech Companies | 27 Jul 2021 | $145M | $2.88B | Temasek and Moore Strategic Ventures |
| Tech Companies | 29 Jul 2021 | $100M | $1.50B | TDM Growth Partners and HSG |
| Neo4j Tech Companies | 17 Jun 2021 | $325M | $2.00B | Eurazeo |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Patreon raise in its Series F round?
Patreon raised $155M in its Series F round, announced in Aug 2021.
What was Patreon's valuation at the Series F round?
$4.00B post-money ($3.85B pre-money).
How does it compare with other Series F rounds in Tech Companies?
46 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was close to the median.