Crowdfunding platform Patreon has closed a series C funding round of $60 million, bringing its total raised to $107 million. The new financing will go toward hiring and scaling growth for the patronage-based platform for supporting creative projects by artists, musicians, performers, and, noteworthy for RAIN readers, podcasters. Continue Reading
Podcast distributor Satchel announced a collaboration with crowd-funding site Patreon. Satchel’s premise is connecting podcasts with local listeners; it first appeared on our radar in February. Now, its podcast player can be embedded with a call to action button that takes listeners to a Patreon page. Continue Reading
Brief news items and worthy reads from around the web: When and why podcasts ads work; Patreon’s serious Series B round; Apple launches Music Memos recording app. Continue Reading
Patreon, a crowdfunding site based on the idea of classical patronage, has acquired Subbable, a fellow crowdfunding service. Subbable was founded by Hank and John Green, YouTube personalities known as the Vlogbrothers. While most financial terms of the deal were not revealed, Patreon will be matching migrating pledges up to $100,000. Continue Reading
One of this year’s emerging stories for the business side of music is a shift toward artist patronage. In Patreon’s first year, donations totaled just $259,000. This year, fans gave $10 million in support of a wide range of creative ventures, according to Polygon. Continue Reading