Patreon has announced that it’s acquiring Moment, a startup platform for ticketed livestream events. This acquisition will give its creators a new way to share their work through ticketed digital experiences.
History of Moment
Moment, formerly Moment House, was founded in 2019 by Arjun Mehta, Nigel Egrari, and Shray Bansal. The platform prides itself as the top digital events platform for artists and creators. It has worked with big names in their respective industries, such as Justin Bieber, Tame Impala, Kygo, and Whitney Cummings, to name a few. According to Crunchbase, the LA-based company has $13.5 million in funding from its investors, including Halsey, UTA, Zaiko, and Forerunner Ventures.
Moving forward with Patreon’s acquisition of Moment
Patreon will integrate Moment into its suite of tools for creators, including livestreaming, which is one of the top features that Patreon creators have been requesting.
“In the coming months, we plan to 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 says.
Regarding this acquisition, Co-Founder and Moment CEO Arjun Mehta says, “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. We are excited to join the Patreon team and deliver an even better, integrated experience to many more creators and their communities.”
Moment’s first event on Patreon will be Cooked Media’s Pod Save America Live from DC this Thursday, October 19. The event features Senator John Fetterman, chef José Andrés and Virginia State Senate candidate Jennifer Carroll Foy.
Patreon’s acquisition shows that the company is enhancing its platform to give creators more ways to build their relationships with their fans and audiences. It recently introduced Discord-like community chatrooms where creators and fans can interact with each other. It also announced the rollout of Commerce, a tool where creators can sell their digital products directly to their community members.