Get All Access for $5/mo

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.

Living

These Are the 'Wealthiest and Safest' Places to Retire in the U.S. None of Them Are in Florida — and 2 States Swept the List.

More than 338,000 U.S. residents retired to a new home in 2023 — a 44% increase year over year.

Business News

DOGE Leaders Elon Musk and Vivek Ramaswamy Say Mandating In-Person Work Would Make 'a Wave' of Federal Employees Quit

The two published an op-ed outlining their goals for their new department, including workforce reductions.

Starting a Business

This Sommelier's 'Laughable' Idea Is Disrupting the $385 Billion Wine Industry

Kristin Olszewski, founder of Nomadica, is bringing premium wine to aluminum cans, and major retailers are taking note.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Business News

Prime Bank: Empowering Growth as Kenya's Premier Banking Partner

Established in 1992, Prime Bank is one of Kenya's leading banks and a trusted partner for individuals, businesses, and communities across the country. With a nationwide network of 24 branches, Prime Bank offers clients a comprehensive suite of banking products and services tailored to meet their specific needs. The bank is also present in several regional markets, including Malawi, Mozambique, Botswana, Zambia, and Zimbabwe.

Growing a Business

Why Business Growth Plateaus — and 4 Proven Tips for Quickly Overcoming It

Is your business stuck in a frustrating plateau, with growth stalled and no clear path forward? Discover the surprising reasons why most companies hit this wall — and the game-changing strategies you need to break through and start scaling again!