5 Crowdfunding App Business Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Crowdfunding App Business

Here are some real life success stories of starting a crowdfunding app business:

1. Kosmos Innovation Centre ($4.8M/year)

Howard Marks, the founder and CEO of StartEngine, came up with the idea for his business after experiencing the difficulties of finding capital for startups firsthand. As an investor himself, he wanted to support entrepreneurs in Los Angeles and realized that an accelerator model could be effective. When the JOBS Act was signed into law, allowing for equity crowdfunding, Marks decided to pivot and create an equity crowdfunding platform, using the name and reputation of StartEngine. Since its launch, StartEngine has helped over 265 companies raise close to $100 million from a community of 190,000 users.

How much they make: $4.8M/year
Current team size: 22

How We Built And Launched A $100M Equity Crowdfunding Platform

StartEngine has helped over 265 companies raise capital from a community of 190,000 users on their equity crowdfunding platform, and has raised almost $100M to date, offering equity, debt, convertible note, and other types of securities to investors.

About

Howard started Kosmos Innovation Centre over 11 years ago

Revenue

Howard grew the business to $400K/month

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2. MintMe ($12K/year)

Artur Makowka came up with the idea for MintMe while working as a Unix engineer and realizing the potential of his personal project, a free hosting service. In 2014, he decided to focus on his own ideas and grew the hosting company to become the largest free hosting service in Poland. In 2018, he created his own cryptocurrency called Webchain and later launched MintMe as a crowdfunding and exchange platform.

How much they make: $12K/year
How much did it cost to start: $100K
Current team size: 20

On Creating An Ecosystem For The Creation Of Tokens And Digital Coins

MintMe revolutionizes the crypto-crowdfunding space by offering a platform for both token creators and supporters to earn money through token trading, boasting over 1 million users worldwide and attracting clients through direct engagement and continuous improvements.

About

Artur started MintMe almost 4 years ago

Revenue

Artur grew the business to $1K/month

Costs

It cost Artur $100000 to start the business

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So... can you actually make money with a crowdfunding app business?

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3. The Crowdfunding Formula ($3.6M/year)

Narek Vardanyan, the founder of The Crowdfunding Formula (TCF), came up with the idea for his business after experiencing the collapse of the Soviet Union in Armenia. He started a project with a friend but struggled to raise funds on Kickstarter. Determined to learn how to run successful campaigns, he conducted interviews with successful creators, published a bestselling book, and eventually started managing crowdfunding campaigns. TCF quickly became the biggest agency on the market, raising millions of dollars for creators and expanding into an ecosystem of companies and products that support consumer hardware innovation.

How much they make: $3.6M/year
How much did it cost to start: $10K
Current team size: 87

I Make $4M/Year Helping People Run Successful Crowdfunding Campaigns

Co-founder and CEO of The Crowdfunding Formula, Narek Vardanyan, has grown his startup from a crowdfunding marketing agency to a full ecosystem of companies and products supporting consumer hardware innovation, generating over $4M in annual revenue and helping creators overcome barriers to entry.

About

Narek started The Crowdfunding Formula about 9 years ago

Revenue

Narek grew the business to $300K/month

Costs

It cost Narek $10000 to start the business

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Read by 3,536 founders