> ## Content Index
> Fetch the complete content index at: https://www.hypebot.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Patreon Is Now A $1.2B Unicorn
- URL: https://www.hypebot.com/patreon-is-now-a-unicorn/
- Published: 2020-09-03T12:05:00.000Z
- Updated: 2020-09-03T12:04:39.000Z
- Description: Musician and creator fan patronage platform Patreon is now officially a unicorn. A new Series E fundraise of nearly $100 million at a valuation of $1.2 billion put the company. Continue reading [https://www.hypebot.com/hypebot/2020/09/patreon-is-now-a-unicorn.html]
- Author: Bruce Houghton
- Tags: DIY Advice & Tips, Music Tech, Startups & Funding, #wp, #wp-post, #Import 2026-01-21 09:51

Musician and creator fan patronage platform Patreon is now officially a unicorn.

A new Series E fundraise of nearly $100 million at a valuation of $1.2 billion put the company in the rare $1 billion startup club.

In April, it announced that it had signed on 50,000 new creators since the pandemic hit and then three days later laid off 30 employees or 13% of staff because of economic pressures from the COVID-19 crisis.

Patreon was founded in 2013.