Kickstarter hits new fundraising milestone of $4.56 billion USD

Kickstarter has reached a new fundraising milestone of $4.5 billion.

@Jak_ConnorTT
Published Mon, Nov 4 2019 7:32 AM CST   |   Updated Tue, Nov 3 2020 11:46 AM CST

Kickstarter continues growing and growing, or at least the amount of money that is pledged to the website.

Kickstarter hits new fundraising milestone of $4.56 billion USD | TweakTown.com

According to LearnBonds, Kickstarter has registered over $4.56 billion USD that has been pledged to different projects. This number represents an over 16% increase since October 2018, and according to LearnBonds "Crowdfunding have been expanding all over the world during the last twenty years. Kickstarter was launched in 2009 and it launched over 460,000 projects."

It should be noted that Kickstarter does take a portion of the money that is pledged to successful projects, this is of course to keep the site running and give the creators some form of income for the idea. It should also be noted that 63.7& of projects don't receive the funding required to continue, while 37.3% are successful. Justinas Baltrusaitis, Editor at LearnBonds, said "The growth of these platforms is inevitable considering there are more and more creators being inspired by the success of the other crowdfunded projects."

She continued and said, "Every single day a new idea starts being developed thanks to crowdfunding and the opportunities these platforms bring."

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NEWS SOURCE:learnbonds.com

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest news. Jak's love for technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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