Patreon has acquired Moment, a hosting and ticketing platform that lets creators hold digital events.
Moment (previously known as Moment House) was founded in 2019 by Arjun Mehta, Nigel Egrari, and Shray Bansal, and had raised $13.5 million from investors including UTA, Cody Ko, Noel Miller, Cameo founder Devon Townsend‘s Dumb Money Capital, former YouTube exec Shishir Mehrotra, and music artist Halsey.
By 2021, Moment had sold more than one million tickets to fans across 168 countries and 44 territories, it said.
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Now it’s joining Patreon in a deal that’ll see the latter “integrate foundational elements of the Moment and Patreon platforms to enable creators and fans to have a seamless experience across our membership, digital commerce, and digital event products,” Patreon said in a company blog post.
Financial terms of the acquisition 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,” Jack Conte, co-founder and CEO of Patreon, said in a statement. “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.”
“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,” Mehta, co-founder/CEO of Moment, added. “We are excited to join the Patreon team and deliver an even better, integrated experience to many more creators and their communities.”
Patreon (which recently rebranded with a nebulous logo and an ambitious plan to go beyond paywalls) told Variety the first Moment event held post-acquisition will be an episode of Crooked Media’s Pod Save America airing live from Washington, D.C., on Thursday, Oct. 19. It’ll feature guests Sen. John Fetterman, chef José Andrés, and Virginia State Senate candidate Jennifer Carroll Foy.
In its blog post, Patreon added that it has a 10-year plan to “build a sustainable future for creators by giving them a direct line to the people who love their work.” And, it said, “acquiring Moment marks an important step in that journey.”
