Crowdfunding Raised $1.5 Billion Last Year, Poised to Raise $2.8 Billion This Year [Study]

Posted by Techvibes NewsDesk

Crowdfunding platforms around the world raised roughly $1.5 billion combined last year, Massolution says. An industry report released by the research group says that there were 350 crowdfunding platforms at the end of 2011, up 50% from the start of the year.

Massolution says that approximately one million campaigns were hosted by these platforms, for an average of nearly 2,900 campaigns per platform. The average amount of money that a single campaign raises is less than $700, however. Although we all know the story of Pebble, which is on pace to raise $10 million from Kickstarter.

The report forecasts that more than 500 crowdfunding platforms will exist globally by the end of this year, and that 2012 will see up to $2.8 billion raised from them, nearly double 2011's amount. Carl Esposti, director of Massolution, says he conducted the study after seeing too many industry reports not based on hard data.

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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