Popular crowdfunding platform Indiegogo unveiled plans today to continue its international expansion after announcing a successful Series-B round that raised $40 million in funding. The round was led by Institutional Venture Partners and Kleiner Perkins Caufield & Byers, with existing investors Insight Venture Partners, MHS Capital, Metamorphic Ventures, and ff Venture Capital also making contributions.
Indiegogo enables people from around the globe to launch their own creative and cause-driven campaigns, promoting bottom-up initiatives and democratizing the funding process. “We’re committed to making Indiegogo the world’s funding engine and giving people access to capital worldwide,” Slava Rubin, Indiegogo co-founder and CEO, said in a press release. The platform has supported such pioneering campaigns as the female-centric video game Skullgirls and Matthew Inman’s Tesla Museum.
As Indiegogo and similar platforms continue to introduce more makers and manufacturers to the world of entrepreneurship, the DIY economy is benefitting. Danae Ringelmann, Indiegogo co-founder, spoke about the importance of the DIY economy and its “rising class of entrepreneurs” at Techonomy’s Detroit conference in 2012.