Membership platform that lets creators earn recurring income from fans
Patreon is the original membership platform letting creators earn recurring income from fans through subscription tiers. Sacra estimates Patreon generated $179M in net revenue in 2025, up roughly 28% year-over-year from $140M in 2024, with the company taking 5-12% of approximately $1.5 billion in gross creator earnings. Most recently valued near $4 billion, Patreon has been investing heavily in video, direct fan engagement, and mobile-app monetization to differentiate from Substack and YouTube Memberships.
Consumer📍 San Francisco, CAFounded 2013
Current Valuation
$4.0B
as of 2025-Q3
UNICORN
QL Price
$2.3B
-43% vs last round
QuantLogix's current estimate for Patreon, published 2026-10-07 — below the last disclosed round of $4.0B (2025-Q3).
Confidence
medium
Basis
secondary led
What backs this price
Last disclosed round
$4.0B
2025-Q3
weight 0.49
Secondary market print
$680M
2026-06-27
weight 0.54
How this price has held up
No round has priced for Patreon since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-07 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Patreon, 2026-10-07 (74f4d10e6e0ed145).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookrumored
Is Patreon going public in 2027?
An IPO is rumored for 2027, with nothing filed. Patreon remains private and the date is not the company's.
What is Patreon's valuation in 2026?
Patreon is valued at $4.0B as of 2025-Q3, set by its Secondary tender (Sep 2025). That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Patreon filed an S-1?
No public S-1 is on file for Patreon as of 10/07/2026; the IPO is rumored.
Who are Patreon's investors?
Patreon's investors include Tiger Global, Wellington Management, Index Ventures, DST Global, Thrive Capital, Founders Fund.
How much has Patreon raised?
Patreon has raised $412M in total, most recently a Secondary tender in Sep 2025.
Is Patreon publicly traded — can you buy Patreon stock?
No. Patreon is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Patreon on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Jack Conte
Founded
2013
HQ
San Francisco, CA
Employees
~350
Total Raised
$412M
Est. Revenue
$179M (2025)
Growth
~28% YoY
IPO Status
rumored
Fundraising Status
Secondary tender · 1y 1mo ago
rumoredTotal raised $412M
Secondary Market
Implied price / share
$8.47
Last round price / share
$49.84
vs last round
-83.0%
Open interest
8
Last round price vs secondary price
Secondary price return by period
Implied per-share price from private secondary transactions, as of Jun 2026. This is a point estimate, not a quote — the feed carries no bid, ask or spread, and a secondary print is evidence of what someone paid on that date rather than a live market. Compare across every tracked name →
Latest Funding Round
Round
Amount
Date
Lead Investor
Post-Money
Secondary tender
—
Sep 2025
—
—
Talent Signal
Hiring trend
▲ Hiring uptrend
+83% vs 2026-08
Open roles
11
via ashby
Product-build share
64%
engineering, research, product, design
Trajectory
expanding
product-led hiring — 64% of open roles build product; the rest are go-to-market and G&A.
No tracked executive churn; open roles trending up.
Counted from Patreon's live job board as of 2026-09-15; role functions classified from posting titles. Open-role counts are an activity signal, not headcount. Refreshed monthly.
Founders & Key People
Jack ConteSam Yam
Investors
Tiger Global · Wellington Management · Index Ventures · DST Global · Thrive Capital · Founders Fund
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2025-Q3. Refreshed quarterly.