Patreon

Patreon lays off 20% of its staff in biggest round of cuts in its history

CEO Jack Conte said Patreon's core business was "healthy and strong", but that the platform was restructuring to adapt faster to a shifting market.

Patreon acquires Moment, the Troy Carter and Scooter Braun-backed livestream startup formerly known as Moment House

Patreon says that Moment has reached 'millions of fans through digital live experiences'

Over 70,000 new creators have signed up to Patreon since mid-March, including a 150% increase in the number of musicians

Platform also sees 20% increase in number of subscribers

Over 30,000 creators signed up to funding platform Patreon in first 3 weeks of March

'This moment in time is one of the strongest influxes of memberships that we’ve ever seen.'

Patreon raises $60m in Series D funding

Funding round was led by Glade Brook Capital