Crowdfunding Generates More Than $60,000 an Hour (Infographic) A look at the eye-popping growth of the crowdfunding industry.

By Catherine Clifford

Opinions expressed by Entrepreneur contributors are their own.

When big data analytics are overlaid on the exploding industry of crowdfunding, it becomes eye-poppingly clear just how much this new finance mechanism is growing.

For example, there's this: Every hour in the month of March, more than $60,000 dollars were raised via crowdfunding throughout the world.

And this: In the first three months of 2014, $124 million was raised around the world via crowdfunding.

Related: Why Fraudsters Won't Sink Equity Crowdfunding

And this: In March, 442 crowdfunding campaigns were launched globally each and every day.

This data comes from the first ever quarterly report and accompanying infographic, both of which are publicly released tomorrow, from The Crowdfunding Centre, an online platform for crowdfunding news and analytics based in the United Kingdom.

Related: Real Estate Has Benefited Most From SEC's General Solicitation Rule Change

Have a look at the infographic summarizing the report below.

Click to Enlarge+
Crowdfunding Generates More Than $60,000 an Hour (Infographic)
Catherine Clifford

Senior Entrepreneurship Writer at CNBC

Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Making a Change

Expand Your Global Reach with Access to More Than 150 Languages for Life

Unlock global markets with this language-learning platform.

Business News

'We're Not Allowed to Own Bitcoin': Crypto Price Drops After U.S. Federal Reserve Head Makes Surprising Statement

Fed Chair Jerome Powell's comments on Bitcoin and rate cuts have rattled cryptocurrency investors.

Business News

A Government Shutdown Could Cost the U.S. Economy $6 Billion a Week, According to EY's Chief Economist

Experts from EY tell Entrepreneur that a government shutdown could leave "a visible mark" on the economy.

Business Ideas

Is Your Business Healthy? Why Every Entrepreneur Needs To Do These 3 Checkups Every Year

You can't plan for the new year until you complete these checkups.

Leadership

The End of Bureaucracy — How Leadership Must Evolve in the Age of Artificial Intelligence

What if bureaucracy, the very system designed to maintain order, is now the greatest obstacle to progress?

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.