Patreon is a crowd-funding platform popular with YouTube content creators, musicians, and webcomic artists. It allows artists to obtain funding from their fans or patrons, on a recurring basis, or per work of art. The company, started by musician Jack Conte and developer Sam Yam in 2013, is based in San Francisco. Patreon was founded in May 2013 by artist Jack Conte, who was looking for a way to make a living from his popular YouTube videos. Together with Sam Yam he developed a platform that allows patrons to donate a set amount of money every time an artist creates a work of art. The company raised 2.1 million dollars in August 2013 from a group of venture capitalists and angel investors. In June 2014 the company raised a further $15,000,000 in a series A round led by Danny Rimer of Index Ventures. In January 2016, the company closed on a fresh round of $30 million in a series B round, led by Thrive Capital which puts the total raised for Patreon at $47.1 million. The company has signed up more than 125,000 "patrons" in its first 18 months. In late 2014, the website announced that patrons were sending over $1,000,000 per month to the sites content creators.