CAA and UTA-backed artist support service Patreon is valued at $1.2bn following a round that brought its overall funding to $257m.

Patreon, a US-based artist support service backed by talent agencies CAA and UTA, received $90m yesterday in a series E round valuing it at $1.2bn according to Variety. The round was co-led by venture capital firms New Enterprise Associates and Wellington Management and included Lone Pine Capital, Glade Brook Capital, Thrive Capital, DFJ Growth and…

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