Details of the Patreon deal were not disclosed, but Kit had raised $2.5 million in 2016 from investors including Social Capital, Expa, #Angels, Precursor and Stanford’s StartX. 90% of the Kit team will join San Francisco-based Patreon, making the move from their current NYC offices next year.
"One of the most effective ways creators build a growing and sustainable membership is by selling merch. Patrons want something personalized, a physical artifact to connect them to the creator - and the more unique the better," says Patreon VP of Product Wyatt Jenkins. " But today, merch is unnecessarily painful for creators; we’ve talked to heaps of creators who spend time stuffing envelopes, researching the lowest prices on shipping, and take endless trips to the post office. We want to make merch easy. A simple solution empowering creators to easily add merch to their membership business, and connect deeply with their biggest fans."