7 Crowdfunding Platform Success Stories [2024]
Raising money for your project can be difficult. Crowdfunding is one way to get funding through a large number of smaller investments. If you have some expertise in a particular area that may be useful to other people, there's no better time to take action. The crowdfunding revolution is happening right at your fingertips.
Crowdfunding has exploded over the past year, and you need to be a part of it. The Worldwide crowdfunding market share is expected to increase by $240B from 2021 to 2026. Crowdfunding is one of the quickest ways to get funding and build your brand.
Here are some real life success stories of starting a crowdfunding platform:
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
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.
2. Miventure ($60K/year)
Jason Crystal and Luiggi Pera founded Miventure based on their passion for democratizing investing and supporting early-stage startups. Initially focused on small business debt, they discovered a stronger market in investment crowdfunding, particularly in the friends and family round. Since launching their equity crowdfunding mobile app, Miventure has attracted over 2,000 potential investors and has 7 active campaigns with over $500,000 in funding capacity.
How much they make: $60K/year
How much did it cost to start: $1M
Current team size: 3
Miventure, an equity crowdfunding app, has raised over $500,000 in funding from 2,000 potential investors since launching a month ago, with one campaign already reaching its minimum funding goal and six campaigns remaining active.
So... can you actually make money with a crowdfunding platform?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
3. Hyperstarter ($120K/year)
How much they make: $120K/year
Current team size:
"Founder generates $6k/month with Kickstarter marketing tool Hyperstarter through referrals and word of mouth."
4. 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
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.
So... can you actually make money with a crowdfunding platform?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
