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Richard Branson backs crowdfunding platform Indiegogo

21 May 2014

dollar envelope moneyCrowdfunding platform Indiegogo has raised a funding round that saw participation from several high profile investors including Virgin Group founder Richard Branson and Affirm CEO Max Levchin.

Other investors included entrepreneur Megan Smith, Yahoo! Chairman Maynard Webb, Draper Fisher Jurvetson founding partner Tim Draper, Andor Capital Management CEO Dan Benton, former Drugstore.com CEO Dawn Lepore and Nyca Partners managing partner and former president of Visa Hans Morris.

The round follows Indiegogo’s $40m Series B, which was led by Institutional Venture Partners and Kleiner Perkins Caufield & Byers in January this year.

Since its launch in January 2008 Indiegogo has hosted more than 200,000 campaigns.

Branson said, “One of the biggest challenges faced by entrepreneurs is access to capital. Indiegogo helps to solve that problem and empowers anyone in the world to do well and do good.”

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