Patreon is a creator membership platform that lets fans pay creators through recurring subscriptions. It monetizes by taking a percentage of creator earnings plus related processing and payout fees.[1]
Access to pre-IPO shares is available to accredited investors through UpMarket.
Latest Price
$4B
Series F, Apr 2021, Perplexity
UpMarket Estimate
$3.4B
Based on UpMarket valuation model
Previous Price
$450M
Series D Jul 2019
How to Invest in Patreon Through UpMarket
Patreon shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
Step 01
Verify accredited investor status
Confirm eligibility under SEC Rule 501 of Regulation D. Income or net worth threshold applies.
Step 02
Create an UpMarket account
Complete KYC/AML onboarding. Typically 1–2 business days. Licensed rep assigned on signup.
Step 03
Review available Patreon offerings
Full offering memoranda and risk disclosures provided before any commitment is required.
Step 04
Complete subscription documents
Review and sign subscription agreement. All documents handled digitally through the platform.
Step 05
Fund your investment
Wire transfer or ACH. $50K minimum. Funds held in custodial account until close.
Pre-IPO investments are illiquid, speculative, and involve risk of total loss of capital.
$1.3B+
UpMarket has brokered over $1.3 billion in alternative investments*
*Includes principal invested and appreciation of investments originated via the UpMarket platform based on historical trade volume and valuation estimates through March 31, 2026. Of the total, approximately $301 million is managed by UpMarket Management, with the remaining originated investments managed by affiliates. Past performance is not predictive of future results.
Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
Apr 2021
Series F
$4B
Jul 2019
Series D
$450M
Jan 2017
Series C
$155M
Sep 2015
Series B
$48M
Jan 2014
Series A
$10M
Patreon Revenue and Growth
Annual revenue
Why Investors Are Watching Patreon
Growth Signal
Patreon says it had 100,000+ monthly active creators
Patreon’s mission is to “fund the creative class,” and one cited milestone shows more than 100,000 monthly active creators. The same source says creators generated $300 million in earnings in 2018, signaling meaningful platform monetization.
Competitive Moat
Patreon has raised $416M across 7 funding rounds
Patreon has raised $416.0 million across 7 funding rounds, with its latest disclosed round a $160.0 million Series F in April 2021. Its backers include Sequoia Capital, Tiger Global Management, Insight Partners, and NEA, supporting long-term capital and investor credibility.
Market Opportunity
Patreon targets direct fan funding for creators
Patreon operates a subscription-style membership platform where fans pay creators monthly for exclusive access, extra content, and closer community engagement. Nasdaq Private Market describes it as a crowdfunding site for artists and content creators, showing a broad use case across digital media.
Interested in Patreon stock? Fill out the form above or sign up directly. Subject to availability. Accredited investors only.
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We review every offering's strategy, risk management, liquidity, fees, valuation methodology, tax matters, and all third-party providers — legal counsel, auditor, administrator, and custodian.
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We offer investments exclusively from disciplined managers that pursue unique strategies across an array of asset classes.
Built around your objectives
Our goal is to empower you to build a portfolio that best meets your individual investment objectives.
No. As of March 2026, Patreon is a private company and does not trade on any public stock exchange. Accredited investors can access Patreon shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Patreon does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Patreon shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered more than $500M in alternative investments since 2019.
Pre-IPO investments carry significant risks. Patreon shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Patreon operates a creator membership platform with 100,000+ monthly active creators and $179M in 2025 revenue, valued at $3.4B as it expands recurring subscription monetization for artists and content makers — accredited investors can access Patreon stock through UpMarket.