Report: Crowdfunding Platforms Raised $2.7 Billion In 2012, An 81% Increase

Posted on Apr 9 2013 - 4:21pm by Editorial Staff

Crowdfunding

According to a report by Massolution (via CNET), crowdfunding raises about $2.7 billion globally in 2012. Crowdfunding may sounds just like another Kickstarter website projects on offer but in actual the concept is far wider than just consumer devices. Global crowdfunding raised nearly $2.7 billion for more than 1 million campaigns in 2012, means that the crowdfunding market grew by 81 percent over the year prior.

The numbers shared was based on 308 active crowdfunding platforms worldwide, showing the 27.4 percent of crowdfunding money went to social causes with business and entrepreneurship standing at second position with 16.9 percent, followed by films and performing arts with 11.9 percent. Further, North America and Europe both counted as the most invested crowdfunding region in 2012 with grabbing 95 percent of the total market.

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.