Crowdfunding in Europe - statistics & facts
Crowdfunding has emerged as an innovative method of capital formation, where entrepreneurs and project creators tap into the collective power of many individuals, each contributing relatively small amounts of money to support venture projects. While it's often associated with the aftermath of the 2008 global financial crisis, when traditional funding sources became more restrictive, the concept's digital roots trace back to 1997. In that year, the British rock band Marillion pioneered online crowdfunding by successfully financing their U.S. tour through fan contributions – a groundbreaking approach that would later reshape the funding landscape for creative and business ventures alike.
