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KICKSTARTER, OTHERS RELEASE 2014 FUNDING NUMBERS

posted Jan 25, 2015, 1:06 AM by J Shaw   [ updated Jan 25, 2015, 1:06 AM ]

Earlier this week, Kickstarter released its annual year recap, highlighting some of the best stories from the past year and revealing the amount of money it raised in 2014.

The totals are impressive: 22,252 projects funded to the tune of $529 million — more than $1000 per minute, as the platform pointed out.

Kickstarter also released some interesting numbers around when most of the pledge-making takes place. 

As the chart to the right shows, that’s the most Kickstarter has ever raised, though the rate of growth is slowing.

Unlike last year, there were a number of big projects on the platform, including the record-breaking Coolest Cooler, the Reading Rainbow, and the Potato Salad. Kickstarter also made its project submission guidelines less stringent, and more recently dropped its partnership with Amazon Payments in favor of Stripe. Both of these moves should make it easier for project creators to create campaigns.

Kickstarter is facing more competition than ever today, and while it remains arguably the best known crowdfunding platform in the world, the slowing growth has to be a concern.

Several other crowdfunding platforms released their numbers for 2014. OurCrowd, the Israeli equity crowdfunding platform announced that it reached the $100 million milestone this year. AngelList, for its part, also raised $100 million from 2673 investors for 243 startups in 2014. Crowdfunder also had an impressive year, raising $60 million, and growing its network of crowdfunders to over 83,000 users.