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Patreon triples valuation to $4 billion in new raise – TechCrunch

Patreon has tripled its valuation to $4 billion in a $155 million funding round led by Tiger Global, the company confirmed to The Wall Street Journal on Tuesday. In a blog post last year, Patreon noted that more than 30,000 creators signed up for the service in the first weeks of March 2020. Patreon makes money by taking a 5-12% fee from creators, depending on which of the company’s services they use. The company wrapped a $90 million round in September that valued the company at $1.2 billion. Other investors in this new round include Woodline Partners, Wellington Management, Lone Pine Capital and New Enterprise Associates, the report notes.

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