Janko Roettgers, writing at Variety:
Patreon wants a bigger slice of the subscription and membership business: The San Francisco-based startup announced the acquisition of Memberful Wednesday to expand into the realm of white-labeled membership services. Memberful’s entire staff of 7, including its founder Drew Strojny, are joining Patreon as part of the deal. Financial details of the transaction weren’t disclosed.
Here’s a bit from Strojny’s email to customers:
As a Memberful customer, you might be surprised by this news. You might also be concerned about the future of Memberful. Are we giving up? Are we shutting down? Quite the opposite. Memberful has been growing fast, and our growth has even accelerated in 2018. We’re partnering with Patreon to take this to the next level. Patreon brings capital, expertise, and resources that will help us make Memberful even better for you.
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