Patreon
Membership platform that lets creators earn recurring income from fans
Consumer
📍 San Francisco, CA
Founded 2013
Current Valuation
$4.0B
as of 2025-Q3
UNICORN
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.
Founders & Key People
Jack ConteSam Yam
Investors
Tiger Global · Wellington Management · Index Ventures · DST Global · Thrive Capital · Founders Fund
Products
- Memberships and tiers
- Direct messaging and DM monetization
- Video uploads and hosting
- Commerce (digital products)
- Patreon Mobile App
- Apple/Google in-app subscriptions
Competitors
Substack · OnlyFans · YouTube Memberships · Kajabi · Ko-fi
Creator EconomySubscriptionsConsumerUnicorn
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.