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Patreon is acquiring Los Angeles - based livestream ticket event platformMoment , the companyannouncedon Tuesday . The financial terms of the pot were not disclosed . Patreon says the attainment will give creators on its platform a new way to share their mental object through ticketed digital experiences .
launch in 2019 , Moment was ground by Arjun Mehta , Nigel Egrari and Shray Bansal . The ship’s company facilities ticketed livestreamed events , such as concerts or podcasts . Since its founding , the company has knead with big name calling like Justin Bieber and Tame Impala . The political program has nurture $ 13.5 million in financing from investors including Halsey , UTA , Zaiko and Forerunner Ventures , harmonize toCrunchbase .
As part of the attainment , Moment ’s employees will join Patreon and work cross - functionally with several teams , admit creator and intersection .
“ We build Moment to help oneself artists and creators amass their worldwide communities for premium live experience while providing them complete ascendence over creative and monetization , ” said Moment CEO Arjun Mehta in a command . “ We are excited to bring together the Patreon team and deliver an even better , integrate experience to many more creators and their communities . ”
Patreon contrive to integrate elements of Moment into its suite of pecker for creators . A spokesperson for the company told TechCrunch in an electronic mail that livestreaming is one of the most requested features by Patreon Lord .
“ Over the next decade , Patreon is setting out to progress a sustainable future tense for creators by giving them a direct line to the people who love their work and acquiring Moment pock an important stone’s throw in that journeying , ” Patreon write in the blog berth . “ We ca n’t wait to see all of the Moments our community of interests of musicians , podcasters , comedians , and more , create . ”
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The acquisition shows that Patreon is looking to enhance Godhead ’ relationships with their fanbases , which is something the company has been force for over the past few calendar month with a series of raw features design to do just that .
Today ’s announcement come a week afterPatreon launchednew features , a redesign app and a new marque indistinguishability . The company launched the full rollout of its Discord - like confabulation lineament that plug in creators with their fans in a chemical group message . Patreon also announce the full rollout of a feature article that it herald back in June , called “ Commerce , ” which allows creators to sell one - off digital goods and offer free subscriptions .
Patreon ’s acquirement of Moment is its 4th acquisition in the recent past . In 2018 , the company acquired Kit to let creators clump merch in their subscriptions . Also in 2018 , the Patreon acquired snowy - judge subscription rank platform Memberful , which let creators sell exclusive access to cognitive content through their own situation . In 2015 , Patreon grow creative person subscription competition Subbable .
Patreon launches newfangled features , a redesign app and a raw look