London had the most successfully completed rewards crowdfunding campaigns of any city over 2016 in the world, news report.
In fact, according to data released by The Crowd Data Center, the world’s observatory for the seed-crowdfunding also known as reward crowdunding, London reported the higher number of successful campaigns (1,280) among the 128,000 launched over the past year.
Los Angeles (1,236), in second place, led the US pack which launched the most campaigns and raised the most money during 2016.
New York, firmly in third place with 1,044 successful campaigns, is followed up by San Francisco with “only” 544 campaigns.
On a country level America, the birthplace of crowdfunding, reported the higher number of successfull campaigns in 2016 (15,515 for a value of $549,620,638), while the UK got to the second place with 3910 campaigns followed by Canada (1,230), Australia (550), and Germany (424).
From a category point of view, while technology projects raised the most on average ($117,402 in 1,999 funded projects) and the largest average pledge or contribution ($194 vs an average of $94), gaming campaigns were the most popular with most backers on average (250 in 6,486 ended projects).
However, event though according to the Founder and CEO of The Crowd Data Center, Barry E James
Seed-crowdfunding is maturing and as it does there are more entrepreneurs, producing better campaigns, getting more backing
much more remains to be done as only 1 in 5 campaigns reached its funding goal (18.78%).