Canada 3rd highest contributing country as Kickstarter passes $1B


Global News | By   | March 3, 2014

Kickstarter exceeds one billionTORONTO – Crowdfunding site Kickstarter said Monday that it passed $1 billion in pledges with backing from 5.7 million people.

Canada’s $44,913,678 worth of support was the third highest amount after the U.S. ($663,316,496) and the U.K. ($54,427,475).

With more than half of the money pledged within the last year, Kickstarter is an increasingly popular option for entrepreneurs and inventors to garner funding for creative projects.Canadian contribution to kickstarter

The list of ventures is long and diverse: Board games, musicals, food trucks, bassoon quartets, a Veronica Mars movie, video games and more.

The online fundraising campaign has attracted donors from 224 countries and territories across all seven continents, with project owners offering rewards or special experiences in exchange for the money to bring their work to life.

The New York-based site debuted in Canada last September after its initial launch April 28, 2009. Kickstarter joined other sites like Indiegogo that already had a strong presence north of the border.

Crowdfunding has become a tool for tech startups and also more traditional businesses that may have trouble getting bank or government grant financing.

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