Crowdfunding

usgb/ˈkraʊdfʌndɪŋ/
noun

The practice of funding a project or venture by raising money from a large number of people who each contribute a small amount, typically via the internet.

They started a crowdfunding campaign to finance the production of their new board game.
Visual representation of "crowdfunding" - The practice of funding a project or venture by raising money from a large number of people who each contribute a small amount, typically via the internet.

Often appears as...

  • crowdfunding campaign
  • crowdfunding platform

Usage tips

Modern

Definition 1 of 1
Visual representation of "crowdfunding"
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Internet Driven

Crowdfunding is mostly done online, where many people can see and contribute to projects.

Illustration for Internet Driven
Their film was financed through crowdfunding on a popular website.
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Small Contributions

Individuals usually give small amounts that add up to the total needed for the project.

Illustration for Small Contributions
Despite small individual donations, their crowdfunding goal was reached quickly.
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Project Variety

Projects can be diverse, including arts, technology, business startups, or personal causes.

Illustration for Project Variety
A local artist used crowdfunding to back her sculpture exhibition.
Visual representation of the word "Crowdfunding"

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