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Patreon now valued at $4bn after latest funding round

The $155m funding round was led by Tiger Global and will be invested in further expansion as more creators flock to the platform. Creator platform Patreon has tripled its valuation to $4bn after its latest funding round. The $155m investment was led by Tiger Global Management and follows its $90m round last September that first pushed it over the billion-dollar valuation mark. Several other investors participated in this latest round of funding, including Woodline Partners and existing backers Wellington Management, Lone Pine Capital, New Enterprise Associates, Glade Brook Capital and DFJ Growth. According to Patreon, its platform has seen a surge in usage over the last year during Covid-19.

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