Indiegogo Raises $40 Million in Latest Funding Round

Crowdfunding platform Indiegogo has raised $40 million in a brand new round of funding, the company announced this week. The money, which it earned the old fashioned way (not through crowdfunding, but soliciting investments from high profile lenders), will be spent to expand its business globally, and allow it to better support mobile platforms. Indiegogo CEO Slava Rubin also wants to use the money to raise the funding engine's profile worldwide. Indiegogo raised the $40 million from Institutional Venture Partners and Kleiner Perkins Caufield & Byers.

Prior to this latest round of funding, Indiegogo raised a total investment of $16.5 million. The company currently has 85 employees across three offices.

On a related note, yesterday the company announced a partnership with Square Enix to aid the company's new " Collective" curated publishing platform, which funds both small and high profile games. It operates in much the same way as Steam Greenlight, but offers developers investment and other support.

You can learn more about Indiegogo by visiting

Source: Gamasutra

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