Summary:

Kickstarter is off to a solid start after launching internationally for the first time in the U.K. a month ago. The crowd-funding platform has raised $3.3 million in pledges for more than 400 projects.

Kickstarter

After making its first international leap to the U.K. on Oct. 31, Kickstarter has raised $3.3 million in pledges for U.K.-based projects. New York City-based Kickstarter said 407 projects were launched in the first month, with 30 successfully funded so far.

The first successfully funded project was The Chime Pavilion, a student effort from The Manchester School of Architecture that has raised five times its funding goal of $483. The first project launched called Picade, a video game arcade cabinet for the Rasberry Pi and other devices raised $119,392, double its original target.

So far, 45,799 people have participated in backing a project. The largest share of backers came from the U.K. (39 percent) while EU and U.S. backers made up 23 percent each. By comparison, 78 percent of U.S.-based projects are funded by Americans with the rest coming from abroad. 

It’s still early for Kickstarter in the U.K. but, so far, the signs are promising. Kickstarter raised about $100 million last year for 27,086 projects. It has now helped launch about 80,000 projects and $428 million in pledges. If Kickstarter can successfully take its act on the road to Europe, Asia and other markets, it should continue being the biggest name in crowd-funding. But it will also need to fend off competition from local crowdfunding platforms including options like SeedrsCrowdfunder, andPeoplefund.it in the U.K.

You’re subscribed! If you like, you can update your settings

Comments have been disabled for this post