Kickstarter Approaches $1 Billion in “Successful” Funding

OneBillion KickstarterKickstarter, the crowdfunding platform that has become synonymous with the term crowdfunding, is fast approaching another milestone in their ongoing march to fund creative projects.  While the portal just surpassed the billion dollar mark in total pledges this past March – the service is just a few million shy of a billion dollars in funding actually delivered to projects. In many respects this is a more significant number as the “all or nothing funding service” does not collect on campaigns that fail.  The overall velocity of project funding has increased, according to Kickstarter, with more than half of total funds raised occurring in recent months.

Kickstarter Logo SmallTo date the site has funded over 63,000 successful projects from over 6.3 million backers – a good portion of those consumers are repeat crowdfunders as well.   The total number of projects launched stands at over 151,000 with an average 43.4% success rate.  The most popular category of funding (at least by total funds raised) continues to be Games followed by the Film & Video category.  The most successful category is Dance with a success rate of 70.4%.  Least successful is fashion at 29.43%.

The vast majority of projects on Kickstarter raise less than $10,000.  There have been 66 campaigns that have raised more than 1 million to date. Kickstarter was founded in April of 2009

 

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