Patreon secures $60 million funding round to scale team and develop platform

Crowdfunding subscription platform Patreon has secured $60 million in its latest funding round to scale its team and continue development of its service.

Writing in a blog post, Patreon's CEO Jack Conte outlined the company's plans for the next five years. This includes scaling up the team, which is currently made up of 80 staff, and adding new features to help creators.

New features planned include better analytics, simple financials, and better Patron management. Patreon will also be adding more ways for creators to reward their Patrons for continuing to subscribe.

Feeling understood

"I want Patreon to be different. I want creators to feel understood by Patreon. I want all 80 folks who work here, and the many more to come, to feel your pain and to feel your joy," wrote Conte.

"I want us to see your trouble, and I want us to grasp the intensity of your grit. This depth of understanding will take time and, while we may never truly arrive, I believe that the Patreon team has the charge and fire to get closer than anyone has before."

Crowdfunding is fast becoming one of the most popular methods of raising money for game development, and the platforms themselves are getting attention from big studios. Atari, for example, recently signed a two-game publishing deal with crowdfunding platform Fig.