London – Crowdfunding Capital of the World

By AltFi on Thursday 14 August 2014

Savings and Investment

The Crowdfunding Centre has revealed London to be the leading the world in crowdfunding activity.

England’s capital has overtaken New York and San Francisco en route to the crowdfunding crown. By July’s end London was leading a wide range of key crowdfunding categories such as business, technology, publishing, gaming and seven others. The victory is based upon both rewards and equity-based crowdfunding activity.

This news chimes nicely with George Osborne’s recently unveiled plans to frame London as the global centre of financial innovation. The Chancellor said:

“The technologies being developed today will revolutionise the way we bank, the way we invest, the way companies raise money. It will lead to new products, new services, new lenders.”

Barry James, Founder and CEO of CrowdFunding Centre, commented:

"The Chancellor is right, this is a new era. We've been tracking it and mapping it's exponential growth for more than two years. What we have seen has revolutionised our thinking and our understanding of what's happening to the world, it's economy and fast-evolving global culture. Technology is the enabler but people, the crowd, are at the centre. It is their decisions, wishes, needs and demands that are driving and directing this new economy. This is why it moves at a faster pace and with a very different heartbeat. The UK and London are playing a key role and we look forward to sharing in more detail".

A number of leading crowdfunding experts will be gathering at the Centre for Entrepreneurs tomorrow to delve deeper into the findings and to get an early look at the first worldwide map of crowdfunding activity. You can view some of the key findings from the research below:

United Kingdom Overview & Stats

41 - NEW PROJECTS EACH DAY

WORLDWIDE TOTAL: 440

8,742 - PROJECTS CREATED JAN-JUN

9.4% OF WORLDWIDE TOTAL: 93,205

30% - IS THE AVERAGE FULLY FUNDED SUCCESS RATE

WORLDWIDE AVG: 26%

53 - PEOPLE BACK EACH OF THESE

WORLDWIDE AVG: 67

$25,034 (£15,646) - WAS THE AVERAGE AMOUNT RAISED

WORLDWIDE AVG: $18,498 (£11,561)

$52,890,461 (£33,056,538) - WAS THE TOTAL RAISED JAN-JUN

13.1% OF WORLDWIDE TOTAL: $404,511,158 (£252,819,474)

London Overview & Stats

12 - NEW PROJECTS EACH DAY

UNITED KINGDOM TOTAL: 41

2,463 - PROJECTS CREATED JAN-JUN

28.2% OF UNITED KINGDOM TOTAL: 8,742

32% - IS THE AVERAGE FULLY FUNDED SUCCESS RATE

UNITED KINGDOM AVG: 30%

70 - PEOPLE BACK EACH OF THESE

UNITED KINGDOM AVG: 53

$17,834 (£11,146) - WAS THE AVERAGE AMOUNT RAISED

UNITED KINGDOM AVG: $25,034 (£15,646)

$11,166,127 (£6,978,829) - WAS THE TOTAL RAISED JAN-JUN

21.1% OF UNITED KINGDOM TOTAL: $52,890,461 (£33,056,538)

Sign up for our newsletters


Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.