Total amount raised
$56.5 Million
Latest funding date
1/1/2016
Location
Indiegogo has successfully navigated six funding rounds, attracting investments from 25 investors, including Runway Venture Partners and Max Levchin. The platform has also made 23 investments and acquired three organizations, showcasing its active role in the crowdfunding ecosystem.
Keep reading to explore the intricacies of Indiegogo's fundraising journey and the investors backing this innovative platform.
What Is Indiegogo?
Indiegogo, founded in 2008, is a prominent crowdfunding platform headquartered in San Francisco, California. The company was established by Danae Ringelmann, Slava Rubin, and Eric Schell.
Operating within the crowdfunding, finance, and fintech industries, Indiegogo has a workforce of approximately 101-250 employees. The platform empowers individuals and businesses to raise funds for diverse projects, offering flexible funding options and supporting a wide range of categories.
How Much Funding Has Indiegogo Raised?
- Funding Round: Angel
- Amount Raised: Not publicly disclosed
- Date: February 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop the initial version of Indiegogo.
- Funding Round: Seed
- Amount Raised: USD 1,500,000
- Date: September 2011
- Lead Investors: Compound, Steve Schoettler
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase user acquisition.
- Funding Round: Series A
- Amount Raised: USD 15,000,000
- Date: June 2012
- Lead Investors: Insight Partners, Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's features.
- Funding Round: Series B
- Amount Raised: USD 40,000,000
- Date: January 2014
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand global reach and enhance mobile capabilities.
- Funding Round: Series Unknown
- Amount Raised: Not publicly disclosed
- Date: May 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and platform improvements.
- Funding Round: Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand and innovate within the crowdfunding space.
Indiegogo has raised a total of USD 56,500,000. The current valuation is Not publicly disclosed.
Key Investors
- Institutional Venture Partners (IVP)
- Details: IVP is a later-stage venture capital and growth equity firm. They have a strong track record of investing in rapidly growing technology and media companies.
- Investment Focus Areas: Technology, media, growth equity
- Notable Investments: Twitter, Dropbox, Snapchat
- Kleiner Perkins Caufield & Byers (KPCB)
- Details: KPCB is a venture capital firm that invests in early-stage and growth-stage companies. They are known for their investments in high-growth industries.
- Investment Focus Areas: Technology, life sciences, high-growth industries
- Notable Investments: Google, Amazon, Uber
- Insight Venture Partners
- Details: Insight Venture Partners specializes in growth-stage software, internet, and data services companies. They have a global investment approach.
- Investment Focus Areas: Software, internet, data services
- Notable Investments: Twitter, Shopify, DocuSign
- Runway Venture Partners
- Details: Runway Venture Partners is a venture capital firm. Specific details about their operations and focus areas are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Max Levchin
- Details: Max Levchin is an entrepreneur and investor. He is known for co-founding PayPal and his involvement in various tech startups.
- Investment Focus Areas: Technology, fintech, startups
- Notable Investments: Not publicly disclosed
What's Next for Indiegogo?
Indiegogo's future looks promising with significant opportunities on the horizon. The platform aims to enhance its mobile capabilities and expand its global reach by incorporating more currencies and languages. This expansion is crucial as it has already seen substantial growth in Europe and operates in every country worldwide.
Future fundraising opportunities are likely to include exploring equity crowdfunding, which could open new avenues for investment. Additionally, the company may continue to attract venture capital investments to support its growth and innovation. However, challenges such as maintaining trust and navigating regulatory environments for equity crowdfunding could pose hurdles along the way.
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