Open Collective is a crowdfunding platform focused on grassroots groups. It enables organizations, communities, and projects to get a legal status and raise funding through subscription or one time payment. It's particularly favoured by open source projects. [1] It currently hosts funding for thousands of open-source communities. [2]
Open Collective was created by Storify cofounder Xavier Damman, Democracy Earth’s Pia Mancini, and former Dropbox product manager Aseem Sood. It is a venture capital-funded tech startup—owned by founders, investors, and employees—with an obligation to make returns. [2]
Projects with corporate support tend to rack up higher financing than donation projects led by individuals. [3]
Open Collective Foundation, distinct from the Open Collective platform, announced the dissolution of its fiscal sponsorship program by the end of 2024. [4]