Best Crowdfunding Platforms for a Successful Fund Raising in 2024
Fund creative and profitable business projects with the best crowdfunding platforms. These are suitable for both investors and entrepreneurs.
Crowdfunding is a simple and efficient way of raising funds to support the growth and expansion of your business. With the ever-expanding digital era, raising funds for a business or a non-profit cause has become extremely simple. Easy-to-use crowdfunding platforms have been developed to help both fundraisers and their supporters in the process. Read More
Top Crowdfunding Platforms for Successfully Raising Funds in 2024!
SeedInvest
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About
SeedInvest is among the best crowdfunding platforms that brings private equity to the common masses. It is available to both accredited and non-accredited investors allowing them to invest at the early stages of a startup with a minimum amount as low as $200. Offering all the necessary information about each company, SeedInvest ensures that the individuals are making the right investment decisions.
It is a collaborative platform that brings together entrepreneurs and investors. With its optimized tools, SeedInvest helps entrepreneurs to create a successful pitch for potential investors.
Why we picked it?
Chuffed
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About
Chuffed is ranked among the best crowdfunding platforms for nonprofits, charities, social enterprises, and community groups. Organizations can run valuable fundraising campaigns for various social causes, individual issues, and more. 100% of the chosen donated amount goes directly to the user.
To help your fundraising campaign a success, Chuffed provides a crowdfunding guide, video tutorials, and workshops. This platform is great for donors as they do not have to pay any additional charges for their donations.
Why we picked it?
ArtistShare
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About
ArtistShare is the internet’s first commercial crowdfunding website that is regarded as the best platform to date. It is a fan-funded platform for artists and creative creators who are looking to release their work. In return for funds, the artists offer access to the creative process via private invitations to recordings or behind the scenes.
It offers a rock-solid platform and professional services for entrepreneurial artists and creators. ArtistShare offers a platform for creative expression and appreciation for both artists and their fans.
Why we picked it?
MightyCause
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About
MightyCause is a modern and among the best crowdfunding platforms that support non-profit fundraising, data management, and more. It is a free fundraising app that offers donor management tools and supports peer-to-peer as well as team fundraising for non-profit organizations.
MightyCause also offers branded donation pages that can be customized to match the theme and ideology of the organization. With the optimized management tools, users can regulate page admins, donors, organizers, and reports. Along with all this, users can also set up direct deposit to receive instant payouts through the platform.
Why we picked it?
Seedrs
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About
Seedrs is an equity funding platform that allows investors to buy and sell shares in private companies. It is among the best crowdfunding platforms for entrepreneurs who wish to raise capital for their companies and build a strong community simultaneously. It is backed by leading European investors and a strong base of trusted customers of its own.
It is ranked among the top crowdfunding platforms as it offers liquidity to particular assets that are often rendered as illiquid by other platforms. This flexible option ensures more and better investment opportunities to earn a larger sum of profit.
Why we picked it?
PreviousBag relevant views, higher downloads & real shares for your app
In this article:
What are the different types of crowdfunding platforms available for users?
There are different types of fundraising platforms available for the users to choose from. The selection of platform can vary as per the business needs, nature, size, and more. The main categories of the crowdfunding platforms are mentioned below:
1. Donation-based crowdfunding platforms
These platforms are designed for special campaigns that offer no profit or financial gain in return for the investment. Individuals give donations to fund a special cause or an idea as per their liking.
Donation-based crowdfunding platforms are commonly used to help raise money for charities, non-profit organisations, or other special causes.
2. Reward-based crowdfunding platforms
As the name suggests, reward-based crowdfunding platforms are used by individuals who seek a reward or an incentive in return for their investments. This reward is usually given in the form of a product or service offered by the business.
These kinds of platforms are best for companies that deal in tangible products and services. Apart from this, these can also function as the best crowdfunding websites for investors who are looking for a test market for their products.
3. Equity-based crowdfunding platforms
These platforms offer real investments for users in private companies. The fund contributors can become part owners of the business by trading capital for equity shares. The financial contributors receive a financial return on investments and share of profits as per their investment.
Equity-based crowdfunding platforms are popularly used by entrepreneurs and startups who are looking for an alternative option to venture capital efforts.
The Big Benefits of Crowdfunding Platforms
Some of the top crowdfunding sites are used for ensuring additional convenience and support in the fundraising process. Let's discuss some of these advantages in detail,
1. More efficient
As a growing startup company, you might not want to waste a lot of time and effort on the tiresome fundraising process. Crowdfunding platforms are more efficient and faster in meeting the financial needs of any kind of business. With a suitable platform, businesses can communicate their story to attract potential investors and backers for their financial requirements. However, it's important to also consider alternative financing options, such as understanding venture debt financing, which can provide additional flexibility and support for your growth.
2. Build traction, social proof, and validation
A strong and highly visible crowdfunding campaign can provide the needed validation and social proof that is vital in tracking your progress further. Once early investors vet and buy into your idea, others are more likely to follow suit.
3. Doubles the media and marketing exposure
Crowdfunding platforms offer great exposure for the products and services offered by your business. Feature stories, blogs, and print publications help users to know more about the products and services offered by your business. Crowdfunding platforms will surely put you in touch with the best potential investors for your business.
4. Relatively low risk
Crowdfunding platforms offer a relatively low risky platform for raising capital. Unlike traditional methods like bank loans or venture capital, you do need any collateral in your business. Apart from this, if your campaign is unsuccessful, you will not be liable to pay any debts.
How to use crowdfunding platforms to ensure business success?
Crowdfunding is the best type of alternative fund option available for entrepreneurs and investors. If you are a startup or a small business, there are a number of advantages to using these platforms. Understanding the stages of Venture Capital can also be invaluable for raising funds and growing your business.
1. You can raise a significant amount of money through these platforms without much risk and debt. These are, thereby, better than traditional methods of fundraising.
2. You get an open market to test your products and services. If you are able to raise money through these platforms, you can be sure of the demand in the market.
3. You can build awareness and a strong community through the top crowdfunding platforms. This can be beneficial in the long run for marketing and PR purposes.
4. These platforms offer a quicker and easier form of raising investments for all kinds of businesses.
Final Verdict
This article provides an overview of the top crowdfunding platforms along with their features and functionality. You can get a comprehensive understanding of the crowdfunding landscape, allowing them to make informed decisions to enrich their fundraising experience.
With a clear strategic approach and a suitable crowdfunding platform, a business can successfully raise investments without much effort. All these platforms can be used by all businesses irrespective of their size, nature, and purpose.
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Aman Gaur is a Senior Writer at MobileAppDaily (MAD). He is an IT engineer (as per academics) who turned to writing because of his flair for storytelling. He has an experience of 6+ years and has worked with multiple companies in many niches but primarily ‘Tech’. He has many interests that range from being a tech enthusiast to an admirer of international music and cinema. Currently, he is using his skills to help MAD expand and create valuable content for the platform, thereby, helping in improving overall traffic, leads, and branding of the company.
