2,782 crowdsourcing and crowdfunding sites
The real estate equity crowdfunding market is growing fast in the US. A number of platforms have come online in the past year, and they are attracting both investor and issuer interest. That, in turn, has convinced VCs and angels to back the platforms, further legitimizing the young industry and fueling growth. Now, another player has joined the ranks.
Yesterday, Crowdcube, one of Britain’s leading equity crowdfunding platforms, announced that it has raised £3.8 million ($6.5 million) of a £5 million ($8.5 million) round. The rest of the cash Crowdcube will be raising on its own platform -- the campaign will open on Tuesday.
We recently reached out to Pauliina Seppälä, co-founder of the Finnish rewards-based crowdfunding platform Mesenaatti with some questions about her platform, as well as the crowdfunding scene in her country, in general. Check out her responses after the jump!
Funding Circle, the online peer-to-peer lending platform for small business, announced last night that it has raised a $65 million Series D round. The round was led by Index Ventures, with previous investors Accel Partners, Union Square Ventures, and Ribbit Capital also participating.
Real estate crowdfunding is hot these days: VCs investing in the startups, and accredited investors are taking note of the opportunities on existing platforms. We profile Patch of Land, a real estate debt crowdfunding platform that launched in October 2013.
Lending Club, one of the leading peer-to-peer lending platforms around, announced last week that it recorded its first billion-dollar quarter. The company has now facilitated over $5 billion dollars in loans since it was founded back in 2007.
OurCrowd, the Jerusalem-based equity crowdfunding company, announced today that it has helped startups on its platform successfully raise $60 million since launching early last year. The company’s portfolio is made up of 46 startups. Twenty have raised over a million dollars, and four of those have raised over $3 million.
RapGenius, the crowdsourced lyric annotation site, announced on Friday that it has raised $40 million round led by Dan Gilbert, changed its name to just Genius, and introduced a new feature that allows users to make their own sites annotatable.
The International Astronomical Union (IAU) has launched an initiative called NameExoWorlds that invites astronomy organizations and groups to submit names for 305 planets outside our solar system that were discovered before December 31, 2008. After the names are submitted, the crowd will be able to vote on the suggestions.
Having a creator explain the methodology behind a crowdsourcing project can be highly useful when the campaign is successful. But perhaps it's even more helpful when the project is not as engaging as its creators hoped it would be. That’s exactly what Doug Reside of the NYPL does in his paper ‘Crowdsourcing Performance Arts History with NYPL’s Ensemble.’
The platform’s Q1 numbers weren’t very inspiring, though there wasn’t too much cause for concern. Backers were reluctant to spend after the holiday season, and Kickstarter was hacked in mid-February, which may have given some potential backers temporary pause. That’s all a distant memory now, and it’s encouraging to see a bounce-back on Kickstarter’s part.
Thinking about crowdfund investing, but don’t know how to get started? RockThePost, the New York-based equity crowdfunding platform that has helped startups on its platform raise more than $65 million, is hosting a webinar on Tuesday, July 15 at 7pm Eastern (4pm Pacific) to help educate individuals thinking about investing in startups.
On Monday, Seedrs announced a new investment type: convertible equity. To find out more about this new investment type (Seedrs claims it's the first crowdfunding platform to offer it), and why the company decided to begin offering it to their investors, we spoke with platform president and COO Carlos Silva.
We’ve seen platforms like Kickstarter and CrowdTilt launch their own mobile applications, and it’s hardly surprising that Indiegogo, one of the leaders in the rewards-based crowdfunding space that raised some serious cash earlier this year, did the same last week.
Zach Danger Brown just wanted to raise $10 on Kickstarter for some potato salad — he wasn’t even sure what kind he wanted to make. Six days later, Brown’s raised $52,000, found thousands of fans, and has already appeared on Good Morning America to spread his gastronomic gospel.
CrowdFund Productions took a look at 176 internet of things projects from 2012, 2013, and the first six months of 2014. The resulting infographic shows the growth of the number of projects on the platform, as well as the decrease in the number of projects getting funded this year.
Seedrs, the UK-based equity crowdfunding platform, announced that it is now offering convertibles for some of its campaigns. The company claims that it’s the first crowdfunding platform in the world to offer this type of funding option to its investors.
The Invest Indiana Crowdfunding Exemption, which was signed into law by Governor Mike Pence back in April, allows Indiana’s entrepreneurs to collect up to $2 million from Indiana residents via the web; the investors can put in up to $5000 per opportunity.
Last week, the Michigan Economic Development Corporation (MEDC) announced that it has partnered up with the Michigan Municipal League and the crowdfunding platform Patronicity to finance parks, alley reconstructions, trails, plazas, and the like. The initiative, named Public Spaces Community Places, can help in not only funding the projects, but also identifying community interest in altering their neighborhoods.
LeVar Burton's Reading Rainbow campaign got off to such a great start that it seemed like it was only a matter of time before it broke some sort of a record. Indeed, that's just what took place yesterday, as Kickstarter tweeted out that Reading Rainbow is now the project backed by the most number of people on its platform.