Brief: Crowdfunding Platform Patreon Captures $30 Million During Series B Funding Round

January 20, 2016 @ 8:42 am By Samantha Hurst

This week, Patreon announced it has secured $30 million during series B funding. The website’s total amount of funding is now at $47.1 million.

According to the Patreon team, the round was led by Thrive Capital and included investments from Allen and Company and follow-ons by Charles River Ventures, Index Ventures, Accomplice and Freestyle Capital. The crowdfunding platform is planning to use the funds to hire more employees for its engineering and product teams.

During a recent interview with TechCrunch, Patreon CEO Jack Conte revealed the speed he needs to hire is a major issue:

“We need to bring in so many people so fast. We need to keep up with hiring and keep up with making all of the things.”

The funds will also be used to develop the mobile app, along with building the tools that creators need, which includes analytics, communication tools, and reward management.

Reg A - Form 1-A Filings Beta

Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.

YTD: Jan 1, 2026 - Oct 23, 2026 vs Jan 1, 2025 - Oct 23, 2025

Number of Filings131Prior 125 +4.8%

Target Raise, Total$3.40BPrior $3.54B -3.9%

	This YTD	Year prior	Change
Filings	131	125	+4.8%
Target raise	$3.40B	$3.54B	-3.9%

Sponsored by the Crowded Media Group the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us @CrowdfundInside

Source: DisclosureQuest. Initial Form 1-A only.

Created by Crowded Media Group

This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.

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