18 Crowdfunding Sites to Take Your Venture to the Next Level



18 Crowdfunding Sites to Take Your Venture to the Next Level

Funding is one of the biggest challenges entrepreneurs face as they look to establish, grow, and scale their operation. Thankfully crowdfunding sites have come along to give individuals and businesses of all sizes the opportunity to raise the funds they need when traditional methods are no longer an option.

The growth of crowdfunding in recent years is responsible for funding thousands of ventures and raising billions of dollars. However, not all crowdfunding sites are created equal.

There are now many different types of crowdfunding sites addressing specific industry sectors to better serve this need.

Below you will find 18 crowdfunding sites, organized by specialty to get you off the ground. Commissions, fees, and terms vary or change from time to time, so always double check the “fine print,” as the saying goes.



Crowdfunding Sites

Indiegogo

Indiegogo allows you to raise funds for anything. You can choose an all-or-nothing option or an option that allows you to keep funds you have raised even if you haven’t met your goal.

They charge a 3% – $25 transaction fee and either 4% or 9% depending on if you meet your goal or if you choose to walk away with funds without meeting your goal. They also offer non-profit discounts on their fees.





GoFundMe

Another general fundraising site is GoFundMe. This is a funding site popular with individuals who need money for a wide range of purposes.

Campaigns have been launched for everything from short-term projects to medical emergencies on the site. The site charges a 5% commission and a 3% transaction fee.

Fundly

Fundly allows you to raise funds even from your mobile device. It is socially integrated and lets you post blog updates on your fundraising page. The platform’s monthly fee schedule is based on how many campaigns you want to run at once (one at a time has no monthly fee though there is a 4.9% commission and 3% transaction fee).

Kickstarter

Kickstarter, probably the best-known crowdfunding site, is an all-or-nothing crowdfunding platform. (You must reach your fundraising goal or you receive no funds.) The site is for creative works in areas including technology, food, fashion, etc. You set your goal and offer an incentive. If you reach your goal, there is a 5% project fee and a 3 – 5% transaction fee.

FunderHut

18 Crowdfunding Sites to Take Your Venture to the Next Level: FunderHut
FunderHut is a crowdfunding service aimed at small businesses, communities, non-profits and individuals. Their all-or-nothing campaigns have a 5% fee if the goal is reached and a 3% payment processing fee. If you choose the “variable” plan, you pay 7.5% if you do not meet your goal.





RocketHub

Rockethub allows you to find other funding if your goal is not met. There is a 4% commission for successful projects or 8% for those that don’t meet their funding goals, as well as a 4% transaction fee.

Peerbackers

Focusing on entrepreneurs and small businesses, Peerbackers allows you to find funding from your friends in exchange for rewards. They charge a 5% “success fee” and a 2.9% transaction processing fee.

Funding Circle US

Funding Circle US focuses on offering loans to US businesses and allows others to invest in loans. Again, your interest rates will be determined by your credit score. There is also a UK website.



Kiva

You can receive interest-free loans through Kiva or Kiva Zip if you are located in the US or Kenya. For startups that would prefer repaying donated funds, this is a great method of raising them.



Equity Crowdfunding Sites: The Investor Owns a Share of Your Company

Fundable

18 Crowdfunding Sites to Take Your Venture to the Next Level: Fundable
You have the option of offering rewards or equity with Fundable. The service operates its own marketing platform and you set minimum donations for rewards. The minimum equity commitment is $1000. There is a monthly fee during campaigns.

MicroVentures

You might not guess from the name but MicroVentures helps startups and other businesses generate $100,000 – $1,000,000 in capital in the entertainment, tech, social, and gaming sectors.



CircleUp

CircleUp is looking for innovative retail and consumer companies. Your company needs to be able to show it can turn a profit in 1 – 3 years to get accepted.

EarlyShares

18 Crowdfunding Sites to Take Your Venture to the Next Level: EarlyShares
For a variety of equity options, try EarlyShares. Terms vary based upon the options you choose.



Niche Crowdfunding Sites: For Special Fundraising Needs

Apps Funder

If you need funding for app creation, pitch your idea to Appsfunder and reward investors or offer them return on their money. This is an all-or-nothing funding website. The service charges 8% commission on completed campaigns, 3% transaction fee, and 5% of revenue when the app is finished.



VentureHealth

VentureHealth is an equity-based funding platform that specifically seeks entrepreneurs building technology businesses in the health sector. The service does not allow fundraising for research, but does facilitate funding of biotechnology, healthcare services, medical devices, digital health, pharmaceuticals, and diagnostics. VentureHealth charges 20% carried interest on profits.

Unbound

18 Crowdfunding Sites to Take Your Venture to the Next Level: Unbound
Authors can find people to fund their books at Unbound in exchange for a copy of the book and possibly a goodie bag upon publication. You must pitch your book to them.

TechMoola

TechMoola offers reward crowdfunding for innovation and technology. The site charges a 10% flat rate for funding goals once met, 15% for unmet goals less than $25,000 and 20% for unmet goals over that amount.





Slated

Slated is a niche crowdfunding resource for film that brings industry, filmmakers, and investors together.

Money Photo via Shutterstock More in: , 14 Comments ▼


TJ McCue


TJ McCue TJ McCue served as Technology/Product Review Editor for Small Business Trends for many years and now contributes on 3D technologies. He is currently traveling the USA on the 3DRV roadtrip and writes at the Refine Digital blog.

14 Reactions

  1. I thought I was pretty current on the space, but I’m only familiar with 5-6 of these companies. This is such a cool area for SMBs and offers so much opportunity. Thanks for the great post TJ!

  2. Martin Lindeskog

    Martin Lindeskog

    TJ: Thanks for compiling these crowfunding sites. I am planning to use FundedByMe for my forthcoming book on tea, “Tea For The Win – Tea For Two +1 = Tea53.”

    I listened to Daniel Daboczy, CEO of FundedByMe, at MeetUp in Gothenburg some time ago. It was fascinating to listen to his talk, story and future plans.

  3. Aira Bongco

    I have always been amazed with the idea of crowdfunding as it is a great way for funding businesses that would not have been born if it were to depend on traditional funding methods. It also amazes me how many websites have sprung. But I am wondering more about their trust factor as this is about investments after all.

  4. Timely post for me TJ. I’ve just started a volunteer assignment with Grow Movement, working with an entrepreneur in Malawi. His vision is to establish a business that makes furniture while also serving as a carpentry vocational school for kids that have been orphaned through the AIDS epidemic in Malawi. Not sure any of these will be right for him but it is a great place to start looking into non-traditional funding sources!!

  5. Breakaway funding is another great crowdfunding site for equity and debt based crowdfunding. I was surprised it wasn’t on this list. Excited for Title III because I prefer securities in return for my investment. Great list and thanks.

    • Aira Bongco

      Haven’t heard of that but I will look into that. Crowdfunding is pretty new to me as I have not really used it to fund my business. Sure, I know how it works. But then it is hard to understand if you have not really used it.

  6. Alex Yong

    I now see Quirky in a new light. Thanks for this great roundup TJ

  7. CrowdFund Connect

    Hi here’s another one to add; it’s a niche site that focuses on creating and marketing crowdfunding campaigns http://www.crowdfundconnect.com.

  8. Hi TJ,

    Great list of crowdfunding sites. This article is timeless. If you can get your application accepted my favourite is Kickstarter because they are so well known off and online that you’ll receive additional exposure.

    Naomi

  9. Hello TJ,

    Great that you were able to come up with the list. The industry certainly has grown and changed since this was last posted. There are many more platforms and solutions available to the crowdfunding community.

  10. Crowdfunding has now become an effective and reliable way of raising funds that a lot of people who are in need are benefiting from it. Plumfund.com is a good example of a crowdfunding platform that helps fund anything from special causes, baby showers, graduation and anniversary parties, clubs, travel, hardships and more.

Leave a Reply

Your email address will not be published. Required fields are marked *

*



How to Build a Better Ecommerce Website




Maximize performance and drive more sales. Take your ecommerce website from OK to great, in just 4 steps. This eBook will show you how to audit your website, SEO your website, review your responsive template, and optimize for conversions.


No, Thank You
By submitting this form, you are allowing Small Business Trends to process your request, store your personal data, and pass your information to Criteo subject to their privacy policy which states that you have a right of access, modification, and erasure of your personal data. Criteo will send relevant content that is suitable to your profile. These rights may be exercised at any time by emailing [email protected]