Indiegogo Says It’s Raised Close To $1.5 Billion For Projects, May Turn A Profit Next Year

Revenue was up 50% in 2017, says the privately held crowdfunding company.

Indiegogo’s narrowing focus on establishing and growing businesses, rather than supporting a broad range of artistic and personal projects, is paying off, CEO David Mandelbrot tells Fast Company. The company expects this month to cross the $1.5 billion mark in funds raised for users since its founding in 2008. Annual revenue jumped 50% from 2016 to 2017, he says, although the privately held company has yet to report...

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