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Type of site | Civic crowdfunding |
---|---|
Available in | English |
Owner | Roark Rearden & Hamot Capital Management |
Created by | Jordan Raynor, Tony DeSisto, Erik Rapprich |
URL | www |
Commercial | Yes |
Launched | April 2012 |
Current status | Closed |
For project funding, Citizinvestor was a civic crowdfunding website that describes itself as a "crowdfunding and civic engagement platform for local government projects on the United States."
Citizinvestor was an online crowdfunding platform specifically focused on raising money for public projects and community infrastructure, started in Tampa, Florida by Jordan Raynor, Tony DeSisto, Erik Rapprich, and Joy Randels. [1] [2] [3] It was launched in partnership with the city of Philadelphia. [3] [4] [5]
It was inspired by a case in Davis Islands where the community wanted a swimming pool repaired, but the city did not have the finances to do so; [6] citizens successfully raised the funds with events and going door-to-door and this became the model for Citizinvestor. [1] The founders hope to "spark a rise of micro philanthropists". [1] The platform allows citizens to promote independent projects through a petition process and also works with city officials to crowdfund civic projects that were planned but abandoned due to budget constraints. [1]
While anyone can start petitions for new projects, projects can only be submitted by government entities, usually municipal governments. [2] Donations are tax deductible, [3] and donors are not charged if their project does not reach its funding target. [2] Unlike other crowdfunding platforms, no perks/rewards are offered. [2] The site's initial focus was on projects: between $10,000 and $20,000. [2]
Citizinvestor also offered a software as a service product, Citizinvestor Connect. Local municipalities, public-private partnerships, economic development organizations, and nonprofits can license the platform and customize it for their organization, leveraging it to raise funds and engage with their community.
Kickstarter, PBC is an American public benefit corporation based in Brooklyn, New York, that maintains a global crowdfunding platform focused on creativity. The company's stated mission is to "help bring creative projects to life". As of February 2023, Kickstarter has received US$7 billion in pledges from 21.7 million backers to fund 233,626 projects, such as films, music, stage shows, comics, journalism, video games, board games, technology, publishing, and food-related projects.
CrowdRise is a for-profit crowdfunding platform that raises charitable donations. CrowdRise was founded by Edward Norton, Shauna Robertson, and the founders of Moosejaw, Robert and Jeffrey Wolfe. CrowdRise was acquired in 2017 by GoFundMe.
Indiegogo is an American crowdfunding website founded in 2008 by Danae Ringelmann, Slava Rubin, and Eric Schell. Its headquarters are in San Francisco, California. The site is one of the first sites to offer crowd funding. Indiegogo allows people to solicit funds for an idea, charity, or start-up business. Indiegogo charges a 5% fee on contributions. This charge is in addition to Stripe credit card processing charges of 2,9% + $0.30 per transaction. Fifteen million people visit the site each month.
CitySourced is a civic engagement SaaS platform that connects citizens to local government agencies and the services they provide. The platform provides HTML5 and iOS/Android citizen-facing client applications that connect with a CRM and Service Request Management application tailored specifically for use within the public sector.
Pozible is an Australia-based crowdfunding platform and community-building tool for creative projects and ideas. It was developed to help people raise funds.
Video game development has typically been funded by large publishing companies or are alternatively paid for mostly by the developers themselves as independent titles. Other funding may come from government incentives or from private funding.
InvestedIn is a crowd funding website for fund raising projects and charity events such as walkathons and celebrity cause-based campaigns. InvestedIn is also a technology provider offering a white label crowdfunding platform for commercial and non-profit use.
FundRazr is a free crowdfunding and online fundraising platform released in 2009. FundRazr operates internationally in 35+ countries with the largest markets being United States, Canada, United Kingdom and Australia. It allows users to run a wide-range of crowdfunding campaigns by creating fundraising pages and sharing it via social media, messaging apps, email and more to raise money for over 100 types of causes such as nonprofit, medical care, education, community help, poverty alleviation, arts, memorials, and animal rescue causes. FundRazr also works with more than 4000 nonprofits, charities and social enterprises with an advanced fundraising toolset for free. The digital fundraising platform provides 8 different campaign types. They include microproject fundraising, peer-to-peer campaigns, wishlist campaigns, recurring donations, branded sponsorship campaigns, DIY projects, sweepstake campaigns, and storefront campaigns.
Experiment, formerly called Microryza, is a US website for crowdfunding science-based research projects. Researchers can post their research projects to solicit pledges. Experiment works on the all-or-nothing funding model. The backers are only charged if the research projects reach their funding target during a set time frame. In February 2014, the site changed its name from Microryza to Experiment.com.
Spacehive is a United Kingdom-based crowdfunding platform for projects aimed at improving local civic and community spaces.
CrowdFundEDU was a US-based private for-profit company founded in 2012 that provides a crowd funding website for education. People hold online fundraisers to get contributions for tuition, student loans, books and supplies, sports equipment, events and extracurricular activities. Student debt is recognized as a growing financial burden to young adults, but crowd funding brings an alternative to this form of lending and is considered by some to be one of the greatest financial creations of the digital age.
Community Funded is a crowdfunding platform based in Fort Collins, Colorado allowing project creators to create one or more fundraising projects on the site with the goal of helping people and organizations with projects find the ideas, funding, and resources they need to be successful.
WeDidIt is a New York City-based company founded in 2012, that provides an online platform and a mobile app for nonprofits to raise funds. It allows nonprofits to launch campaigns online, collect donations through their website, and collect funds and scan credit cards in person through the WeDidIt mobile app.
Garnering funds in the form of donations has always been a major focus for university leaders. These donations are usually found in the form of large annual gifts by alumni and friends of universities, along with funding from government entities for public universities. More recently, universities have been taking steps to modernize their giving structure through the use of crowdfunding. Crowdfunding is an online tool utilizing peer-to-peer relationships to help gain funds for different aspects of university culture.
Onevest, a New York–based investment crowdfunding site for startups that was acquired by Business Rockstars in April 2018, allowed entrepreneurs to raise capital from accredited investors. In July 2014, startups launching on Onevest had collectively raised over $66 million.
Equity crowdfunding is the online offering of private company securities to a group of people for investment and therefore it is a part of the capital markets. Because equity crowdfunding involves investment into a commercial enterprise, it is often subject to securities and financial regulation. Equity crowdfunding is also referred to as crowdinvesting, investment crowdfunding, or crowd equity.
LaunchGood is a crowdfunding platform focused on the Muslim community worldwide. LaunchGood went live in October 2013 and it raised more than $510.1 million from 1.6 million donors across 153 countries.
@HopeMob was a not-for-profit crowdfunding site that raised money for direct aid to worthy causes. It was co-founded by Shaun King and Chad Kellough in 2012. People with specific needs applied to the site and were vetted. The vetting included asking for references, conducting interviews, and researching on social media. Support was then given to approved projects to help them present a compelling case. Funds were raised and used to purchase the specific items people needed, such as a medical procedure; money was not given directly to those raising funds.
Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over US$34 billion was raised worldwide by crowdfunding.
CrowdJustice is a commercial crowdfunding platform in the United Kingdom and the United States for projects aimed at improving access to the legal system. It was founded in 2014 by Julia Salasky.
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