This is the seventh post in our 30 Day Ask Clay Crowdfunding Q&A.
I’m answering a new question every day in June.
Submit your question by going to CrowdfundingHacks.com/AskClay, where you can see all of the questions and all of my answers.
Full Transcript
Hey everyone…this is Clay Hebert from CrowdfundingHacks.com…and today’s question is…
How big is the crowdfunding industry?
Well, just a couple months ago, in April of 2015, the folks over at Massolution released their 2015 – Crowdfunding Industry Report…a report on the global state of crowdfunding…
Here are some of the key stats from that report. Keep in mind, these stats are global and cover every type of crowdfunding (rewards-based, donation-based, equity and debt).
- Global crowdfunding grew again in 2014, expanding by 167 percent to reach $16.2 billion raised, which is up from $6.1 billion in 2013.
- In 2015, the industry is set to more than double once again, on its way to raising $34.4 billion.
- The strong growth in 2014 was due in part to the rise of Asia as a major crowdfunding region. Asian crowdfunding volumes grew by 320 percent, to $3.4 billion raised. That puts the region slightly ahead of Europe ($3.26 billion) as the second-biggest region by crowdfunding volume. North America continued to lead the world in crowdfunding volumes, growing by 145 percent and raising a total of $9.46 billion.
The Massolution research team collected information on 1250 active crowdfunding platforms across the world.
In the second episode of this series, we talked about the four different types of crowdfunding, including rewards-based, donation-based, equity and debt. While rewards- and equity-based campaigns typically get the most headlines, it’s lending-based crowdfunding that’s dominating the industry: in 2014, it raised $11.08 billion dollars.
As far as categories, business and entrepreneurship remained as the most popular crowdfunding category, collecting $6.7 billion in 2014, which represents 41.3 percent of total crowdfunding volume.
Social causes ($3.06 billion), films and performing arts ($1.97), real estate ($1.01 billion), and music and recording arts ($736 million) rounded out the top five categories.
Now those are global numbers, across all of the different types of crowdfunding.
If you want specific platform numbers, some platforms provide those and some don’t.
For example, on Kickstarter, as of today, June 7th, 2015, the platform has had 86,504 successful projects and $1,757,899,300 total dollars pledged to Kickstarter projects.
For Kickstarter, all of their stats can be found at
http://kickstarter.com/help/stats
Indiegogo doesn’t publish their stats publicly.
As always, you can submit your question or see all of the crowdfunding questions and my answers at http://crowdfundinghacks.com/AskClay
