10 Most Funded Crowdfunded Projects of All Time
Starting a business was never meant to be easy. Starting a business that needs a lot of money upfront can leave a lot of entrepreneurs scrapping for cash. Crowdfunding has become a popular ways to raise money in the past couple of years. With platforms such as Kickstarter and Indiegogo leading the way, and websites dedicated to providing information and resources, entrepreneurs can seek funding on a much larger scale.
Crowdfunding is a great way to raise extra money, but doesn’t always promise to be a profitable investment. Some of the most funded crowdfunded projects were a hit, while others failed and even face legal troubles. Here are a few of the more popular crowdfunded projects and how they fared.
Kingdom Death Monster 1.5
Coming in at number four on the list, Kingdom Death Monster 1.5, a massive co-op board game, was able to rake in over 12.3 million dollars in funding. Since it’s launch date in November 2016 on Kickstarter, the company has done well so far keeping up with production and shipment. Still within the first year, time will tell the ultimate fate of this unique board game.
Flow Hive
Flow Hive comes in at number five on the list with just over 12.2 million dollars in funding. The Flow Hive is a beekeeping house that allows honey to flow directly from the hive without the beekeeper needing to harvest it. The company has spread on the West Coast after having a successful launch in Brisbane, Australia. Despite having a handful of low quality products in the beginning due to high demand, the company has made it right and continues thrive.
If starting a business is a goal, crowdfunding may be an option for you. Other options to raise capital include venture capital, bank loans, SBA-backed financing, factoring and obtaining credit cards that small businesses can utilize as well as finding miscellaneous ways to make extra money.
In the infographic below from Investment Zen, the top ten most funded crowdfunded projects are listed with their corresponding outcomes.
