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Kickstarter pulled in $112m in three months

$1,244,868 pledged a day
Thu Apr 03 2014, 11:37
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CROWDFUNDING WEBSITE Kickstarter has published its statistics for the year so far, revealing that projects on its webpages raised $112m in just three months.

That is a lot of coin, and it was donated to a lot of projects. Recent successes on the website have included Neil Young's triangular Pono player, a high quality audio device that looks retro but has attracted a lot of interest.

Kickstarter mentions the Neil Young Pono player in its statements, and paints a picture of a crowd that is willing to fund a lot of projects.

$112m has been funded in three months, it said, and works out to around $1,244,868 a day. Kickstarter said that 4,497 projects have been successfully funded by 887,848 individual backers. The majority of these investors were new to the website, it added.

"2014 is shaping up to be an incredible year for Kickstarter," said the firm. "1,244,868 dollars were pledged, on average, each day in 2014 so far."

Some projects will have done better than others, of course, and some will have received more cash than they anticipated.

Neil Young's tri-cornered Pono player had a target of $800,000 but very quickly pulled in $3m. Now, with over a week left in its campaign, it has $5.3m in crowd cash and around 16,000 backers. A Veronica Mars movie was also well backed and was funded by over 90,0000 people.

To date Kickstarter has pulled in over $1bn and funded 59,050 projects. 76,000 projects did not get funded, and 13,000 never got a single penny in investment donations. µ


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