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Crowdfunding market surges in 2012, saw $2.7 billion in funding last year

Crowdfunding websites see massive growth in 2012, see $2.7 billion in funding
By: Anthony Garreffa | Business, Financial & Legal News | Posted: Apr 10, 2013 4:30 am

There have been various crowd funded websites talked about over the last year or so, with Kickstarter being the most popular of all. Growth in 2012 has been stellar, with sites like Kickstarter and Indiegogo becoming massive sources of financing and independent business.

 

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There have been a total of $2.66 billion in projects backed, which is a huge 81% increase over 2011's crowdfunding of $1.47 billion. Most of the money came from the United States, of which US-based consumers invested $1.6 billion in various projects, which is a 105% increase over 2011.

NEWS SOURCES:Bgr.com

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