Branson and Levchin back crowdfunding platform Indiegogo

San Francisco-based crowdfunding platform Indiegogo said Tuesday that it has secured new undisclosed funding from investors that include Virgin Group founder Sir Richard Branson and Affirm CEO Max Levchin. Other investors include Dan Benton, CEO of Andor Capital Management and Tim Draper, founding partner at Draper Fisher Jurvetson. Indiegogo is backed by Institutional Venture Partners, Kleiner Perkins Caufield & Byers, Insight Venture Partners, MHS Capital, Metamorphic Ventures and ff Venture Capital.

PRESS RELEASE

SAN FRANCISCO–(BUSINESS WIRE)–Reinforcing its momentum in the marketplace as the world’s largest crowdfunding platform, Indiegogo announces new investments from some of the most prominent names in technology and innovation including:
Sir Richard Branson, Virgin Group Founder
Max Levchin, Affirm CEO, Yelp Chairman, PayPal Co-Founder
Megan Smith, entrepreneur, VP @Google[x]
Maynard Webb, Webb Investment Network Founder, Chairman of the Board at Yahoo!, Board Member at Salesforce.com and Visa
These investments follow Indiegogo’s recent $40 million Series B financing round. Indiegogo will use the new investment to continue expanding globally and improving user experience with a focus on mobile, personalization and trust.
Slava Rubin, CEO and Co-Founder of Indiegogo said: “We launched Indiegogo so everyone in the world would have the ability to fund their dreams. Six years later we are very grateful to attract these incredible operators as investors and advisors to help accelerate our vision.”
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.”
Additional investors announced today include:
Dan Benton, Andor Capital Management CEO
Tim Draper, Draper Fisher Jurvetson Founding Partner
Dawn Lepore, Former Chairman and CEO of Drugstore.com
Hans Morris, Nyca Partners Managing Partner, Former President of Visa
Indiegogo’s Series B round was led by Institutional Venture Partners (IVP) and Kleiner Perkins Caufield & Byers (KPCB), with additional funding from existing investors including Insight Venture Partners, MHS Capital, Metamorphic Ventures and ff Venture Capital.
Indiegogo launched as the first online crowdfunding platform in January 2008 with a dedication to democratize fundraising by allowing anyone, anywhere to raise money for anything, with no gatekeepers or application process. Indiegogo has hosted more than 200,000 campaigns, and more than 12 million people visit Indiegogo.com each month to explore, fund and create projects and ideas they are passionate about.
About Indiegogo
Indiegogo empowers people around the world to fund what matters to them. As the largest global crowdfunding platform, campaigns have launched from almost every country around the world with millions of dollars being distributed every week due to contributions made by the Indiegogo community. At its core, Indiegogo is an open platform dedicated to democratizing the way people raise funds for any project – creative, entrepreneurial or cause-related. The company was launched in 2008 and is headquartered in San Francisco, with offices in Los Angeles and New York. For more information, visit www.indiegogo.com and follow us at www.twitter.com/indiegogo and www.facebook.com/indiegogo.

 

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