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Civic Crowdfunding Looks to Bigger Projects with Phased Campaigns

BY Sam Roudman | Wednesday, March 5 2014

Civic crowdfunding dreamed big but started small. The platform Neighbor.ly grabbed attention for a 2012 campaign to help fund a multi-million dollar rail car in Kansas City, but only raised $3,775 of its $10 million goal. The early campaigns of both Neighbor.ly and Citizinvestor that were actually successful reached for modest goals, usually less than $15,000. A look at the campaign pages of either platform today shows larger projects, in the tens or hundreds of thousands, creeping in as well. Civic crowdfunding is growing. To facilitate and attract more large projects Citizinvestor this week announced a plan to crowdfund projects in phases. Read More