Indiegogo raises $40 million in Series B funding

In January 2008, my co-founders Danae, Eric and I came together to launch an open platform that would change the way people raised funds for the things that mattered to them. Back then, the term ‘crowdfunding’ didn’t exist but we believed that our commitment to this vision could forever change how people accessed capital—removing the gatekeepers, and empowering the people. Since then we have witnessed incredible campaigns—more than 190,000 campaigns from nearly 190 countries—raising funds on Indiegogo for all things creative, entrepreneurial or cause.

Remarkable stories have come to life—literally—with the first crowdfunded baby. We have seen inspiring social innovations like the Kite Patch funded to help children in malaria-heavy countries and might save hundreds of lives each year. We have seen start-ups create new industries that didn’t exist, like Scanadu did with its medical tricorder. (It’s the Star Trek device of the 21st century.) And we have seen movies like Life Itself (the Steve James Documentary about Rogert Ebert) change the rules for film distribution.

Today, we’re excited to announce a $40 million round of Series B funding, led by Institutional Venture Partners and Kleiner Perkins Caufield & Byers. These new funds will enable us to continue to expand on a vision that has never wavered. This is much bigger than the investment in the scalability, global reach or mobility of Indiegogo. This investment will enable our diverse network of campaigners and contributors, our incredible employees and the loyal partners who have supported us along the way to continue to bring this dream to life.

So today, as we celebrate this big step for Indiegogo, we wanted to take a moment to thank you all for joining us in creating a new world economy. To us, the past six years were really a first step—and together, we are excited for what lies ahead.

Slava Rubin,
CEO

 

If you’re interested in learning more or want to be a part of our team, head to our Careers page to see how you can get involved. We hope you’ll join us.

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