30+ Valuable Crowdfunding Statistics: Facts and Trends for 2023

Crowdfunding is a popular way of raising capital, harnessing the collective effort of family, friends, individual investors, and customers through crowdfunding platforms and social media. If you’re interested in learning more about this rapidly expanding industry, the following crowdfunding statistics, facts, and trends should enlighten you.

Every year, crowdfunding generates an impressive .2 billion in North America. On average, crowdfunding campaigns raise $28,656, showcasing the significant potential for funding projects and initiatives. Additionally, crowdfunding campaigns enjoy an average success rate of 22.4%, demonstrating the viability of this funding model. It’s important to note that the average number of backers for crowdfunding projects is 47, highlighting the community-driven nature of crowdfunding, where individuals come together to support causes they believe in. Moreover, the average crowdfunding pledge for a fully funded project is $96, indicating that backers are willing to contribute meaningful amounts to help bring ideas to life.

Global Crowdfunding Statistics

The global crowdfunding landscape is experiencing rapid growth, with over 6.4 million crowdfunding campaigns worldwide in 2020 alone. Experts predict that the crowdfunding market will grow exponentially, reaching a staggering $300 billion by 2030. Looking specifically at 2023, projections suggest there will be approximately 12,063,870 crowdfunding campaigns, further emphasizing the increasing popularity of this fundraising method. As the industry continues to evolve, it’s expected that the global crowdfunding market will almost triple by 2025, providing even more opportunities for entrepreneurs and creators to realize their visions. In 2021, the value of the global crowdfunding market already reached an impressive $12.27 billion, underscoring the sector’s significant economic impact. Forecasts indicate that the market will double by 2027, with a compound annual growth rate of 11%.

Crowdfunding Industry Statistics 2023

Within the crowdfunding industry, the market value in 2023 is estimated to reach $12.27 billion. The United States holds the largest share of the industry, accounting for 42% of the market. The United Kingdom follows, with an 11% share, while Canada makes up 5% of the market. These figures demonstrate the international reach and appeal of crowdfunding as a funding solution for businesses and individuals alike. When it comes to the focus of crowdfunding investments, 40% of investments are directed towards business and entrepreneurship. This highlights the potential for startups and innovative ventures to secure the financial support they need to thrive. Additionally, 20% of investments focus on social causes, illuminating the philanthropic impact of crowdfunding in addressing societal challenges and supporting positive initiatives.

Crowdfunding Platform Statistics 2023

When it comes to crowdfunding platforms, some have emerged as leaders in the industry. In 2021, the most popular crowdfunding platforms were Kickstarter, Indiegogo, MightyCause, SeedInvest Technology, Crowd Supply, Patreon, StartEngine, and GoFundMe. These platforms have built a strong reputation and user base, providing a reliable avenue for project creators to connect with potential backers. MightyCause is particularly renowned as the best platform for nonprofits, offering specialized features and support for charitable organizations. StartEngine, on the other hand, stands out as the premier platform for investing, providing opportunities for individuals to invest in equity crowdfunding campaigns. For creative professionals seeking to showcase their work and gain support, Patreon is the recommended platform, offering various membership tiers and exclusive content for patrons. Finally, GoFundMe is the recommended platform for individuals looking to start an independent initiative, providing an easy-to-use interface and broad reach.

Crowdfunding Campaign Statistics 2023

Certain strategies and practices can significantly impact the success of crowdfunding campaigns. For example, campaigns that include videos tend to earn 105% more funds than those without videos. This emphasizes the importance of engaging visual content in capturing the attention and interest of potential backers. Additionally, campaigns that regularly update their followers raise an impressive 126% more funds compared to those that lack consistent updates. This highlights the importance of keeping the community informed and engaged throughout the campaign. Moreover, campaigns that manage to raise 30% of their funding goal in the first week are more likely to succeed in achieving their overall goal. Early traction and momentum are key drivers of success in crowdfunding campaigns. Lastly, the most successful crowdfunding campaigns take an average of 11 days to prepare. This indicates the significance of careful planning and preparation in order to launch a compelling campaign that resonates with potential backers.

Crowdfunding Trends 2023

The crowdfunding industry is poised for continued growth and innovation, with several key trends shaping its trajectory. In 2021, it was predicted that the market would experience a year-over-year growth rate of 13.86%, showcasing the sector’s resilience and adaptability. Looking ahead, the crowdfunding market is expected to experience a compound annual growth rate of more than 16% between 2021 and 2026, further solidifying its position as a viable funding option. Notably, statistics reveal that 42% of funds raised in crowdfunding campaigns originate from the first and last three days of the campaign, emphasizing the importance of these critical periods. Furthermore, between January 2014 and July 2020, over $7.2 billion was pledged to various crowdfunding projects, underlining the significant financial impact of this funding model. Despite its success, crowdfunding remains unfamiliar to 36% of Americans, highlighting the potential for further growth and awareness. Mobile devices also play a role in crowdfunding, with 17% of donations made through these devices, reflecting the increasing prevalence of mobile usage in daily activities. The average donor age falls between 24 and 35, indicating the strong appeal of crowdfunding to younger generations. Lastly, 28% of donors donate more than once to the same campaign, demonstrating the potential for sustained support and the establishment of long-term relationships with backers.

In conclusion, crowdfunding continues to revolutionize the way capital is raised for projects and initiatives. Its accessible and community-driven nature empowers entrepreneurs, creators, and individuals to turn their visions into reality. As the industry expands, it is important to stay informed about the latest statistics, trends, and platforms to maximize the potential for success. With the ever-growing reach of crowdfunding, both creators and backers have the opportunity to play an active role in shaping the future of funding and innovation.