Kaylene Hong was Asia Reporter for The Next Web between 2013 and 2014, based in Singapore. She is bilingual in English and Mandarin. Stay in Kaylene Hong was Asia Reporter for The Next Web between 2013 and 2014, based in Singapore. She is bilingual in English and Mandarin. Stay in touch via Twitter or Google+.
Crowdfunding platform Kickstarter has passed $1 billion in pledges nearly four years after it made its debut on April 28, 2009. More than half of the $1 billion was pledged in the last 12 months alone, a testimony to the rising popularity of crowdfunding.
In total, 5.7 million people from 224 countries and territories contributed to the $1 billion amount. The US comes in tops, chalking up $663 million worth of pledges in total, while the UK follows with $54 million.
In the meantime, about 1.7 million people have backed more than one project on Kickstarter, while 15,932 people have backed more than 50 projects — in total, $619 million has been pledged by returning backers.
Read – The past, present and future of crowdfunding
➤ One Billion Dollars [Kickstarter]
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