Patreon, the subscription platform for creators, acquires Moment, a digital event ticketing and hosting platform for artists and creators.
Patreon, the platform for creators to provide content to their fans under a subscription model, has announced the acquisition of Moment, which provides a platform for the ticketing and hosting of digital events. Terms of the deal were not disclosed.
“Patreon’s mission has always been to help creators take control over their work, deepen connections with their most passionate fans, and build successful, sustainable businesses,” said Jack Conte, Co-Founder and CEO of Patreon. “On the heels of releasing our new brand identity, mobile app, and a suite of creator tools, joining forces with Moment will further strengthen Patreon’s offerings for creators.”
Moment, formerly known as Moment House, considers itself the top digital events platform for creators and artists, having been used by the likes of Justin Bieber, Kygo, Tame Impala, and numerous podcasts.
A Los Angeles-based company, Moment was founded in 2019 by Arjun Mehta, Nigel Egrari, and Shray Bansal. In its infancy, Moment raised $13.5 million in funding from investors that include UTA, Zaiko, Forerunner Ventures, and singer Halsey.
“We built Moment to help artists and creators gather their global communities for premium live experiences while providing them complete control over creative and monetization,” added Arjun Mehta, Co-Founder and CEO of Moment. “We are excited to join the Patreon team and deliver an even better, integrated experience to many more creators and their communities.”
Over the next few months, Patreon will integrate foundational elements of both platforms to enable creators and fans to have a seamless experience across the board, using Patreon’s membership, digital commerce, and digital event products. The company aims to build a sustainable future for creators across the next decade by providing them with a direct line to their biggest fans.
“Acquiring Moment marks an important step in that journey,” reads Patreon’s statement announcing the acquisition. “We can’t wait to see all of the Moments our community of musicians, podcasters, comedians, and more, creates.”