Research firm massolution, a business unit of Crowdsourcing LLC which specializes in crowdsourcing and crowdfunding solutions, released its first Crowdfunding Industry Report.
Massolution identifies, defines and tracks the market growth and composition of four categories of crowdfunding platforms:
1. Equity-based (for financial return);
2. Donation-based (motivated by philanthropic or sponsorship incentive);
3. Lending-based (P2P, P2B, and social);
4. Reward-based (for non-monetary rewards).
After collecting data from more than 170 crowdfunding platforms (CFPs) and other sources, the results revealed that CFPs raised almost $1.5 billion and funded more than one million campaigns in 2011. The majority of these campaigns were in the donation-based category totaling 1,067 campaigns, and North America was the largest market for fundraising at $837 million.
As of April 2012, there were 452 crowdfunding platforms active worldwide and massolution projects there will be more than 530 by the end of 2012. The report also found that the crowdfunding market is growing at the rate of 63% Compounded Average Growth Rate (CAGR) in terms of total amount of funds raised.
To obtain a complimentary copy of the report or to access the full report, visit http://www.crowdsourcing.org/research.
FinSMEs
08/05/2012