15 Best Crowdfunding Sites for Fundraising (2016)

Whether or not you aspire to be an entrepreneur, dream of making a revolutionary tech gadget, or the rest, monetary backing is at all times required to show these concepts into actuality. Nevertheless, securing funding for “simply” concepts is at all times troublesome. And that is very true for startups, which usually discover it powerful to entice traders and enterprise capitalists.

However not anymore. Because of crowdfunding web sites, securing funding for that subsequent huge inventive concept of yours, has by no means been simpler. In essentially the most fundamental phrases, they present a platform the place you’ll be able to pitch your upcoming venture, concept, startup and so forth., to folks around the globe, and in the event that they’re , they donate in the direction of it, typically in return for sure rewards. However with the seemingly infinite variety of crowdfunding web sites on the market, deciding which one(s) to depend on in your dream venture, is usually a little confounding.

Fret not, as that’s what we’re right here to assist with. Excited? Right here’s a list of the 15 finest crowdfunding web sites.

1. Kickstarter


For sure the preferred crowdfunding web site on the market, Kickstarter has helped turn out to be well-known merchandise like Pebble Time smartwatch and OUYA sport console turn out to be a actuality. It options hundreds of reside tasks, spanning a various vary of classes resembling Artwork, Journalism, Meals, and Know-how. Since its inception, Kickstarter has secured over $2 billion in funding, from over 10 million folks, to notice near 100,000 tasks. Beginning a venture is pretty simple, offered you fulfill the creator necessities. Anybody around the globe can again the tasks on Kickstarter, and primarily based on the pledged funding quantity, the backers (can) additionally obtain awards, set forth by the venture creators.

Execs: Principally synonymous with crowdfunding, Most venture visibility/visitors, All or nothing scheme implies that backers aren’t charged if the designated funding aim isn’t utterly met.

Limitations: Strict venture approval course of, Undertaking creation restricted to solely sure nations (See notice beneath), Can’t be used for charity primarily based funding.

Fee/Fees: 5% of complete funding secured. As well as, (3% + $0.20) are charged per transaction, as fee processing charges.

Word: Undertaking creation is restricted to – US, UK, Canada, Australia, New Zealand, the Netherlands, Denmark, Eire, Norway, Sweden, Germany, France, Spain, Italy, Austria, Belgium, Switzerland, and Luxembourg.

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2. Indiegogo


Simple to get began with and a particularly well-known title amongst crowdfunding websites, Indiegogo has been used to lift funding for tasks such because the Ubuntu Edge smartphone (though the funding aim wasn’t met). The web site hosts innumerable funding campaigns, together with the whole lot from Neighborhood and Training, to Movie and Writing. Up to now, greater than $800 million have been raised through Indiegogo, and over 9 million folks have backed up quite a few tasks hosted on it. It permits the marketing campaign creators to select from totally different versatile funding plans for simpler fund assortment. Indiegogo even has a sister web site, Generosity, geared particularly in the direction of securing funding for social and charitable causes.

Execs: Undertaking creation accessible wherever around the globe, Much less strict for accepting tasks, Each Hold all of it and All or nothing funding schemes accessible, Analytics help.

Limitations: Lesser venture visibility as in comparison with Kickstarter, Decreased venture success charges.

Fee/Fees: 5% of (complete or partial) funding secured. As well as, 3-5% are charged per transaction, as fee processing charges.

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3. GoFundMe


If you wish to safe funding for a charitable or neighborhood oriented trigger, or want to pledge monetary help for such initiatives, there’s no higher place to get began than GoFundMe. And though the web site is primarily centered in the direction of elevating funds for social causes, it will also be used to gather monetary help for private life-events resembling household gatherings. Getting began with a fundraising marketing campaign is fairly easy. And in case you’re caught someplace, GoFundMe has a 5-minute electronic mail help that can assist you out.

Execs: Simple to make use of, All secured funding may be stored.

Limitations: Marketing campaign creation restricted to a couple nations, No PayPal help.

Fee/Fees: 5% of every donation. As well as, (1.4%-4.25%) are charged as fee processing charges. 

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4. JustGiving


Though primarily supposed to be a platform for simple assortment and processing of donations made to registered charities, JustGiving can be utilized to safe funds social causes supported by people as nicely. Pledging monetary help is simple, and may be accomplished immediately through credit score/debit playing cards. If the charity and donor are primarily based within the UK (JustGiving’s house nation), the donations may be despatched through SMS too. Aside from that, the donations will also be immediately despatched to the charities after including references to JustGiving, thus reflecting the quantities on the fundraising web page arrange for the charity. JustGiving operates on the Hold it All mannequin, so funds may be stored even when aim isn’t met.

Execs: A number of foreign money help, Extra tax exemption through Reward Support (for UK primarily based donors solely), Switch of donations on a weekly foundation.

Limitations: Charities should be registered with JustGiving, Restricted to (charities in) a handful of nations, with major give attention to UK.

Fee/Fees: 5% of every donation made. As well as, 2.95% are charged per transaction, as fee processing charges.

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5. YouCaring


YouCaring is likely one of the higher on-line locations for working fundraising campaigns associated to social causes. Up to now, it has even been named the second hottest crowdfunding web site associated to philanthropic causes. There are quite a few welfare causes, resembling Adoption, Volunteer Tasks, Veterans and so forth., for which you’ll be able to both begin a fundraising marketing campaign your self, or pledge your monetary help. You’ll be able to specify goal targets in addition to deadlines for the marketing campaign, which may be simply prolonged. By its personal stats, YouCaring has secured over $335 million, from a neighborhood of 4.5 million supporters. Donations may be made immediately through credit score/debit playing cards, and no account or something of that kind is required.

Execs: No fee charged by YouCaring for the donations, A number of social causes supported.

Limitations: Nothing main that we might discover.

Fee/Fees: YouCaring doesn’t cost something. Solely, (2.9% + $0.30) is deducted as fee processing charges.

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6. Razoo


Following the same old strategy of securing monetary help through on-line fundraising campaigns, Razoo is catered in the direction of everybody from people to non-profit organizations. Organising a fundraising marketing campaign is a trivial affair, and you’ll specify particulars resembling goal funding, deadline, and even set the influence degree for particular donation quantities. Razoo additionally helps “Giving Days”, that are 24-hour lengthy on-line fundraising occasions. The options of Giving days embody scheduled donations, speedy fund switch, and extra.

Execs: Can be utilized for each private and team-based charitable fundraisers.

Limitations: Comparatively excessive platform charges, Data on the web site a bit ambiguous.

Fee/Fees: 4.9% charged as platform charges. As well as, (2% +$0.30) are charged per transaction as fee processing charges.

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7. Ulule


It will not be as established as a number of the different names on this checklist, however Ulule (or extra particularly, its influence) has been rising steadily. Up to now, it has secured near $50 million in funding, having efficiently backed over 11,000 tasks (Need extra numbers? Try Ulule’s reside stats web page). The European crowdfunding web site hosts tasks unfold throughout a various spectrum of classes resembling Music, Know-how, Heritage, and Video games. Ulule follows the All or Nothing funding scheme, which implies that if the funding aim isn’t met, the backers aren’t charged.

Execs: Moderated venture approval reduces probabilities of fraudulent campaigns. 

Limitations: Undertaking creation restricted to nations within the European Union, Pricing construction barely complicated.

Fee/Fees: Varies in response to the funds collected; ranging from 6.67% for credit score/debit card funds, and 4.17% for test/PayPal funds (For detailed breakdown, Go to right here)

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8. Patreon


Similar to the beforehand mentioned Ulule, Patreon has additionally acquired fairly a bit of recognition in a comparatively brief period of time. It may be thought-about as a specialised crowdfunding platform that’s geared extra in the direction of Comedian artists, YouTube content material makers, Podcasters and so forth., as in comparison with budding entrepreneurs. Patreon permits artists to safe funding on a recurring foundation. So in case you’re an indie artist churning out artworks on a daily schedule, Patreon could be simply what you could get going. That being stated, Patreon has been a goal of a large hacking assault up to now, so be slightly cautious whereas continuing.

Execs: Recurring or per-creation funding choices for patrons for simpler continued help, No geographical restrictions.

Limitations: None specifically, aside from the questionable account safety measures (in view of the previous hacking assault).

Fee/Fees: 5% platform charges. As well as, 4-6% are charged per transaction as bank card charges.

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9. CrowdRise


What’s (most likely) most attention-grabbing about CrowdRise is that one in all its co-founders is actor Edward Norton (Yep, The Unbelievable Hulk!). That out of the way in which, CrowdRise is a platform designed to elevate funds for particular person causes, registered charities, in addition to in style occasions resembling marathons. As soon as a fundraiser profile has been arrange, it may be shared on social networks for higher visibility. It even comes with companies like customized branding and emails, redeemable reward factors, and on the spot entry to funds.

Execs: Pretty straightforward to make use of, Backed by huge names and trusted by well-known charities and occasions.

Limitations: None that we might discover, aside from the bizarre (though humorous) questions sprinkled within the typical FAQ part.

Fee/Fees: (5% or 3%) out of each $100 secured in donation. This contains bank card charges as nicely.

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10. GiveForwardgiveforward

Designed to be a simple manner of securing donations for each particular person and neighborhood centered social causes, GiveForward works fairly nicely for what it’s. Along with monetary help, the web site supplies quite a few methods of pledging help to the causes, like sending home items to these in want, and even organizing meals. Per its personal stats, GiveForward has raised over $180 million for numerous causes. It operates on the Hold it All scheme, so donation quantity may be stored even when the goal isn’t met.

Execs: Strong neighborhood help for quite a few social causes, No (obligatory) aim or deadline necessities, Private fundraising coaches.

Limitations: Restricted solely to the US.

Fee/Fees: 5% platform charges. As well as, (2.9%+$0.30) per donation are charged as fee processing charge.

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11. RocketHub


Whether or not it’s musicians, entrepreneurs, scientists, film-makers, or simply about anybody else, RocketHub is supposed to function a crowdfunding platform for everybody. It operates on the Hold it All mannequin, the funds may be stored even when the goal isn’t met. The recognition of RocketHub may be judged from the actual fact that previously, it has been endorsed by organizations as huge because the US Division of State.

Execs: In style and related to huge names and organizations, Vast number of inventive causes may be crowdfunded.

Limitations: Comparatively greater prices, particularly if funding aim isn’t met.

Fee/Fees: 4% of donation (if aim is reached). 8% of donation (if aim isn’t reached)As well as, 4% are charged as bank card dealing with charges.

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12. WishBerry


Should you reside in India and are a trying ahead to securing funding in your subsequent huge concept, WishBerry is unquestionably one thing price testing. It may be used to assemble monetary help for a various array of inventive tasks. It follows a reasonably strict approval course of for tasks, and solely accepts them if they’re considerably full (and never merely concepts). Aside from that, WishBerry makes it just about obligatory for creators to supply rewards to (potential) backers, as this will increase probabilities of profitable funding. It follows the All or Nothing mannequin, so if the goal aim isn’t met, the funds are returned to the backers (minus processing fees).

Execs: Particularly geared in the direction of India, however anybody around the globe can contribute (bank cards supported solely), Consulting accessible for making rewards, pitch movies and so forth., Analytics help.

Limitations: Obligatory length deadline requirement (max. 60 days), No PayPal help.

Fee/Fees: INR 2,500 (~$36) to be paid on venture approval. As well as, 10% fee is charged on funds secured. Additional, 14% service tax is charged on platform charges (not on the full quantity raised).

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13. Ketto


One more crowdfunding platform for the oldsters dwelling in India, Ketto enables you to elevate funds for each inventive endeavors (e.g. Music, Trend, Tech), in addition to social causes (e.g. NGOs, charities). The platform has raised over $100 million for greater than 4000 campaigns. As in comparison with WishBerry, Ketto’s approval course of is much more relaxed. Undertaking creators are supplied with a private account supervisor earlier than a venture goes reside. As well as, Ketto additionally presents some distinctive companies, resembling a Money on Supply possibility for delivering gathered funds.

Execs: Hold it All scheme ensures funds are delivered even when goal isn’t met, No arduous deadlines.

Limitations: None specifically, other than the ambiguous info relating to utilization fees.

Fee/Fees: 8% of funds raised. As well as, there will likely be fee gateway fees.

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14. Experiment


If you wish to contribute in the direction of the development of scientific analysis, Experiment might be the perfect place to get began. From dinosaur fossil excavations to historic examine of monasteries, Experiment enables you to crowdfund quite a few scientific endeavors. Earlier than being accepted, tasks submitted on Experiment endure a stringent approval course of. There aren’t any rewards concerned for backing. All or Nothing mannequin ensures that backers are solely charged if funding aim is met.

Execs: Particular focus in the direction of funding scientific analysis. Outcomes of scientific findings are shared with backers.

Limitations: Solely accessible in the US.

Fee/Fees: 8% platform charge charged.

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15. Fig


In its personal phrases, Fig is a curated platform that lets folks crowdfund and spend money on video games. Fig is only some months previous (having launched in August 2015), however even then it challenges the “customary” crowdfunding strategy. Along with the common “rewards” system accessible with different crowdfunding web sites, Fig additionally permits early traders/backers of a sport venture to obtain some a part of the income, as soon as it’s launched. The web site has been gaining traction actual quick, and solely not too long ago, efficiently met the funding aim for the platform sport Psychonauts 2, marking the largest funding aim achieved in online game crowdfunding historical past. How cool is that?

Execs: One shot focus in the direction of gaming trade, Distinctive strategy to make early backers companions in income, All or Nothing funding scheme.

Limitations: Solely accessible in the US, Restricted to just one or two energetic tasks at a time.

Fee/Fees: 5% of the full quantity. As well as, 5% of sport gross sales can also be charged primarily based on particular deal phrases.

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SEE ALSO: 16 Websites to Obtain Free E-Books Legally

Get your inventive concept(s) on the quick monitor with these crowdfunding websites

With the emergence (and subsequent reputation) of crowdfunding platforms, gathering monetary backing for that subsequent huge, inventive imaginative and prescient of your is less complicated than ever, whether or not it’s a inventive concept, a social trigger, a scientific analysis, or a sport. Take ’em all for a spin, and tell us which one(s) you’d be selecting for backing your imaginative and prescient, within the feedback beneath.