Patreon, the San Francisco startup that connects creative people with patrons who help support their work through monthly subscriptions, has raised $60 million in funding as it continues to grow its network of creators.
Patreon investor Thrive Capital led the round, which had participation from existing investors Index Ventures, CRV and Freestyle. DFJ also joined the round.
Co-founded by musician Jack Conte in 2013, Patreon gives creatives -- from YouTube stars to podcasters to artists to musicians -- the tools to receive monthly fees from their most loyal fans (on average, patrons pay $12 per month). In June, the company revamped its platform to offer a more comprehensive suite of products to creators, giving them new ways to offer perks to the fans who support them.