Crowdfunding has emerged as a popular alternative to traditional funding for businesses, offering them quick access to capital without the need to engage with risk-averse financial institutions. According to Statista, funds raised through crowdfunding increased by 33.7% in 2022, reaching $17.2 billion in North America. While this is still a relatively small source of capital for businesses compared to bank loans and venture capital funds, crowdfunding has become an attractive option, especially as the world emerges from the pandemic.
Thank you for reading this post, don't forget to subscribe!The Crowdfunding Hub, a crowdfunding consulting business, has launched a community to support businesses investigating and running crowdfunding campaigns. The goal of this community is to make it easier for companies and organizations to raise capital through crowdfunding.
The Canadian Venture Capital and Private Equity Association’s data reveals that in 2021, venture capitalists invested 6.7 billion dollars CAD across 614 deals in Canada. However, there are approximately 2.2 trillion dollars CAD held in currency and deposits. If 10% of that is available to be invested, it would give $220 billion in investable assets available in Canada. The Crowdfunding Hub believes that if they can access the money currently stuffed into people’s mattresses or in their bank accounts, there is a huge opportunity to grow businesses.
Crowdfunding democratises access to capital to start, build, and grow a business. In Canada, companies can raise up to $1.5 million in a 12-month period through equity crowdfunding. Crowdfunding can be used to raise $10,000 to publish a book or pay for a new product’s first production run. However, the challenge is how to run a successful crowdfunding campaign.
Platforms often have an outline and may provide limited support, but even before that, people need to understand if crowdfunding is a good fit and, if so, which type of crowdfunding. Then there needs to be a detailed plan to prepare the campaign.
The Crowdfunding Hub is launching its community today to bring together like-minded leaders, believers, and changemakers planning or running crowdfunding campaigns. The community aims to provide a place where members can learn and share best practices, get feedback on their campaigns before launch, and receive support if it isn’t going to plan.
The launch of The Crowdfunding Hub, a revolutionary platform that aims to connect entrepreneurs and investors worldwide, will take place on Thursday, April 13th, at 1:30 pm PT | 4:30 pm ET | 9:30 pm BST. The launch event will include sharing their vision for The Crowdfunding Hub and how they intend to support businesses, exploring the platform’s awesome functions together, and opportunities to connect with other community members. The event will also include exciting surprises and special offers for attendees. Join The Crowdfunding Hub’s community and be part of shaping the future of fundraising.
If you want to join today’s event, click here and to join the community, you can click here.