×

Indiegogo, Crowdfunding Rival to Kickstarter, Raises $40 Million

Indiegogo, a crowdfunding startup that competes with Kickstarter and others, announced that it has raised $40 million in second-round funding, led by venture-capital firms Institutional Venture Partners and Kleiner Perkins Caufield & Byers.

Indiegogo attracts tech entrepreneurs, filmmakers and other creators seeking to fund specific projects. Two pics funded through Indiegogo — Justin Simien’s comedy “Dear White People” and Roger Ebert documentary “Life Itself” — were screened at the Sundance Film Festival this month.

SEE ALSO: Will Crowdfunding Transform Showbiz?

Indiegogo said it will use the new funding to expand mobile efforts and widen its global reach. The funding brings the San Francisco-based startup to $56.5 million raised to date. Additional investors include Insight Venture Partners, MHS Capital, Metamorphic Ventures and FF Venture Capital.

“We’re committed to making Indiegogo the world’s funding engine and giving people access to capital worldwide. With IVP and KPCB’s support, we can rapidly take critical steps to helping more and more people fund what matters to them,” Indiegogo founder and CEO Slava Rubin said in a statement.

On the international front, Indiegogo’s platform supports contributions in five currencies: U.S. dollars, Canadian dollars, euros, pounds sterling and Australian dollars. The service supports four languages (English, German, French and Spanish).

To date, according to Indiegogo, users in 190 countries have launched 190,000 campaigns. The company was founded in January 2008.

More Digital

  • Aaron Pedersen (as Jay) & Jada

    Screen Australia Leads Call for Evolution of Industry Funding

    Screen Australia, the country’s federal support body, says the screen entertainment industry needs to come up with new business models in response to changes in audience behavior and the disruptive impact on content financing that has come from streaming. Public support bodies must change their relationships with the industry too, Screen Australia CEO Graeme Mason [...]

  • A-ha!

    'A-ha: The Movie' on 'Take on Me' Band to Receive Worldwide Release (EXCLUSIVE)

    A feature documentary on Norwegian “Take On Me” singers A-ha will receive a worldwide release this November. “A-ha: The Movie,” distributed internationally by Esther van Messel’s First Hand Films, will be broadcast in theaters around the world on Nov. 26, with Germany’s Salzgeber releasing the film locally and First Hand Films handling the release in [...]

  • Vudu

    NBCUniversal in Talks to Buy Walmart's Vudu

    Comcast’s NBCUniversal is looking to add some Vudu into its streaming-video mix. The media conglomerate is in talks to buy Vudu, the Walmart-owned entertainment rental, download and free-streaming service, sources confirm to Variety. It’s unclear what the terms of the pact would be or the timing. News of NBCU’s interest in Vudu was first reported [...]

  • Tubi

    Fox in Talks to Acquire Free-Streaming Service Tubi for Over $500 Million (Report)

    Fox Corp. is in discussions about acquiring Tubi, the ad-supported free streaming service, in a deal worth more than $500 million, according to a Wall Street Journal report citing anonymous sources. With Tubi, Rupert Murdoch’s TV broadcasting and cable company would be adding a dedicated streaming component — offering over 20,000 older TV shows and [...]

  • Zombies 2 Disney Channel

    How Disney Channel's 'Zombies 2' Production Team Made Monsters Kid-Friendly

    Traditionally spooky creatures like zombies and werewolves get the Disney treatment in “Zombies 2,” the follow-up to the 2018 hit TV-movie musical of the same name. While the undead have now assimilated into the community of Seabrook, they’re confronted by a new set of outsiders: werewolves. Milo Manheim and Meg Donnelly return as Zed and [...]

  • Baby Yoda - The Child Animatronic

    Hasbro's Adorable Baby Yoda Animatronic Toy Is Already Sold Out on Disney's Online Store

    The Force remains strong for toys based on Baby Yoda, the breakout star of Disney Plus original series “The Mandalorian.” Less than a day after becoming available for pre-order, Hasbro’s new $59.99 Baby Yoda animatronic toy is no longer available on Disney’s official online store: As of Friday morning, Shop Disney listed it as “sold [...]

More From Our Brands

Access exclusive content