Crowdfunding captures the Web's attention
According to a recently released research from massolution, over a million crowdfunding campaigns raised $2.7 billion in 2012 and that number is expected to double again this year (2013). The study revealed an 81% increase in funds raised on CFPs (crowdfunding platforms) resulting in the successful funding of more than 1 million campaigns. North America and Europe consequently were responsible for over 95% of the total market according to the report.
Lending-based crowdfunding grew 111% to $1.2 billion, while donation and rewards-based platforms including Kickstarter and Indiegogo grew 85% to $1.4 billion. Equity-based crowdfunding grew 30% to $116 million.
“Consistent with our 2012 forecast, total crowdfunding volume nearly doubled last year, and with regulatory bodies continuing to pave the way, we expect global crowdfunding volumes to exceed $5 billion in 2013,” said CEO of massolution and Crowdsourcing.org, Carl Esposti. “While lending-, donation-, and reward-based crowdfunding have thus far been leading this global financial revolution, equity-based crowdfunding is about to take center stage in the U.S. The JOBS Act, which will allow non-accredited investors to make investments in exchange for equity, is expected to go into effect by the end of 2013.”