Channels

Latest

Popular

Events

pebble-smartwatch

Kickstarter passes $1B in pledges 5 years in

Topics

Related articles

Share this page

Kickstarter is even more popular than you thought: the crowd-funding startup raised 500 million alone in the last 12 months.

Today Kickstarter announced it passed $1 billion in pledges, contributed by 5.7 million users across 224 countries. The startup, which provides a system for creatives and technologists to crowd-fund ambitious projects, has led to the creation of numerous products, including the Pebble Smartwatch and the OUYA gaming console — in addition to less admirable projects.

In its report, Kickstarter shared a few other interesting stats: more than 1.6 million of its users have backed more than two or more projects, and 15,932 users have backed 50 or more projects.

Kickstarter is not without flaws. As the startup ballooned to main-stream status in 2013, questions of accountability emerged among failed projects. That in mind, it appears Kickstarter has yet to reach its peak; The five-year-old service still offers an enticing opportunity for artists and product designers to fund their projects — without giving up equity to traditional investors.

Editors picks

The Year in Tech – 2014

Fintech Monthly: Year in review Christmas special

GAteam2

GameAnalytics gets Christmas early with $5.5m investment

10 things I hate about you

10 things I hated about tech in 2014

shutterstock_173113388

Collaborating with startups can keep corporations current

team_1248_May_2014

7 Internet of Things startups get £1m boost from Tech City UK