Total amount raised
$56.5 Millions
Latest funding date
1/1/2016
Location
Indiegogo is a platform dedicated to crowdfunding innovations and supporting entrepreneurs. Dive into the details of Indiegogo's funding journey and the investors who have backed this pioneering platform.
What Is Indiegogo?
Indiegogo, founded in 2008 in San Francisco, is a platform that supports crowdfunding for innovations and entrepreneurs. The company was established by Danae Ringelmann, Slava Rubin, and Eric Schell. Indiegogo has grown significantly, now employing over 100 people dedicated to helping bring creative projects to life.
How Much Funding Has Indiegogo Raised?
- Angel Round
- 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.
- Seed Round
- Amount Raised: $1.5M
- 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.
- Series A
- Amount Raised: $15M
- Date: June 2012
- Lead Investors: Insight Partners, Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and support its growth trajectory.
- Series B
- Amount Raised: $40M
- Date: January 2014
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Indiegogo's mobile capabilities and global reach.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance platform features and expand market presence.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and support ongoing innovation.
Total Amount Raised: $56.5M
Current Valuation: Not publicly disclosed
Key Investors
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm based in Silicon Valley. They have a long history of investing in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, life sciences, clean technology
- Notable Investments: Google, Amazon, Twitter
- Insight Partners
- Details: Insight Partners is a private equity and venture capital firm. They specialize in growth-stage software, internet, and data services companies.
- Investment Focus Areas: Software, internet, data services
- Notable Investments: Twitter, Shopify, DocuSign
- Compound
- Details: Compound is a venture capital firm that focuses on early-stage investments. They aim to support innovative technology startups.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: N/A
- Steve Schoettler
- Details: Steve Schoettler is an angel investor and entrepreneur. He co-founded Zynga and has invested in various tech startups.
- Investment Focus Areas: Technology, gaming, startups
- Notable Investments: Zynga, N/A
- Institutional Venture Partners (IVP)
- Details: IVP is a later-stage venture capital and growth equity firm. They invest in rapidly growing technology and media companies.
- Investment Focus Areas: Technology, media
- Notable Investments: Twitter, Dropbox, Snapchat
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 Indiegogo has already seen a 300% growth in Europe and operates in every country worldwide. The potential for equity crowdfunding also presents a substantial opportunity, aligning with industry trends that emphasize mobile platforms and global market expansion.
Future fundraising efforts may focus on equity crowdfunding, a new avenue that could drive further growth. However, challenges such as maintaining trust and personalization, navigating regulatory landscapes, and facing competition from other platforms remain. Despite these hurdles, Indiegogo's strategic focus on mobile and global expansion positions it well for continued success.
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