Patreon Obtains $15,000,000 Series A Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f04fb068-2f3c-4dac-8d8a-64ba753ef88a
Date
6/23/2014
Company Name
Patreon
Mailing Address
395 Page Mill Road Palo Alto, CA 94306 USA
Company Description
Patreon supports artists and content creators by letting fans fund each piece of created content.
Website
http://www.patreon.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Series A
Proceeds Purposes
Patreon engineers are in the midst of cranking out a mobile version of the site for iOS. And flush with cash, the company is now busy hiring as well. The founders tell me they expect to have up to 13 employees in the next week.
M&A Terms
Venture Investor
Venture Investor