3D Design Software
Gumroad is a creator monetization platform founded in 2011 by Sahil Lavingia that enables independent creators to sell digital products directly to their audiences. As of mid-2019, the company was processing roughly $6 million in monthly volume and had paid out more than $200 million to creators since inception. The company raised $9 million in total early-stage funding, led by a $7 million Series A from Kleiner Perkins alongside investors including Max Levchin and Naval Ravikant. After a near-collapse in 2014 that required laying off 75 percent of its staff, Gumroad restructured around a leaner hybrid model combining a flat monthly subscription fee with a transaction-based take rate, and returned to steady growth. By 2019, Gumroad had approximately 3,800 paying subscribers at $10 per month and was growing revenue roughly 40 percent year over year. The company subsequently raised $5 million through equity crowdfunding at a $100 million valuation in 2021, bringing total disclosed funding to approximately $25.1 million, and reported $23.8 million in revenue for 2024.
- Revenue
- $23.8M
- Customers
- 3.8K
- Year founded
- 2011
- Funding
- $16.1M
- Team size
- 118
- Location
- United States