Kian Xu

中文
Indiegogo crowdfunding sample readout

Indiegogo Crowdfunding Analysis

The top 37 campaigns accounted for 24.2% of funding after conversion

At capture, 3,699 active and InDemand campaigns showed $309,634,678 in USD-equivalent funding. Pre-launch pages are counted separately and goal progress is reported by stage.

At a glance: five findings

Select a row to see the evidence
24.2%of funds raised by the top 37
Funding is concentrated among the leaders
The median after conversion to USD was $11,130.
36.6%of active campaigns had raised $0
Compare progress at similar stages
57 active campaigns reached their goal at capture (4.7%).
55 / 100leaders were in tech hardware
What the leaders look like
The top 100 accounted for 42.0% of sample funding.
15.8%came from HKD-denominated campaigns
HKD funding in USD
HKD 380,272,121 converts to approximately $48,895,994.
98.6%of InDemand projects were at goal
Campaign stage and goal progress
The active cohort was at 4.7% at the same capture date.
Finding 1

Funding distribution

  • The top 37 campaigns raised $75,001,254, accounting for 24.2% of the converted total.
  • The median was $11,130 and the 90th percentile was $193,064.

How to use it

Use category percentiles to establish a funding range, then study the leading campaigns’ products and pricing separately.

Exhibit 1
Share of USD funding
Ranked by the amount raised at capture
Campaigns
9.0%
40.0%
50.0%
Funding (USD equivalent)
24.2%
46.4%
28.0%
Top 37Rest of top 10%Middle campaignsBottom half
Funding percentilesP25MedianP75P90P99Max
USD$852$11,130$59,714$193,064$1,287,823$5,621,484
Finding 2

Progress toward goal

  • The snapshot contains 5,831 pre-launch pages. Among 1,213 active campaigns with valid progress, 444 showed no funding and 57 had reached goal (4.7%).
  • Progress is the ratio of funding to the goal in the same currency and covers all eligible currencies.

How to use it

Read progress alongside time remaining. Final outcomes are measured at close.

Exhibit 2
Progress among active campaigns
1,213 campaigns, grouped by progress toward goal
0%25%50%75%100% 0%>0–<10%10–<20%20–<50%50–<100%100–<200%200–<500%500–<1,000%≥1,000%

57 · 4.7% · at goal when captured

Finding 3

What the leaders look like

  • The top 100 campaigns raised $129,942,697, or 42.0% of converted funding.
  • The top 100 include 55 tech hardware campaigns and 98 InDemand campaigns.

How to use it

Use the ranking to find examples, then check sample size and medians in the category benchmarks.

Exhibit 3
Category mix: top 100 vs. all campaigns
Share of campaign count
Tech hardwareDesign & livingGamesContent & mediaArt & performanceLifestyle
Top 100
55.0%
38.0%
Funding cohort
23.2%
24.4%
39.4%
Exhibit 4
Stage and promotion among the leaders
Share of the top 100
InDemand
98 · 98.0%
Promoted
26 · 26.0%
Finding 4

HKD funding in USD

  • 366 HKD-denominated campaigns showed HKD 380,272,121, equivalent to $48,895,994 or 15.8% of converted funding.
  • USD-denominated campaigns showed $203,804,151 at capture.

How to use it

Use a common capture-date rate for comparison. Original amounts remain available. The currency of a project does not identify its creator’s location.

Exhibit 5
HKD-denominated funding by launch year
Converted to USD at the capture-date rate
Tech hardwareDesign & livingGamesContent & mediaArt & performanceLifestyle
$0$2.6M$5.2M$7.7M$10.3M 2019202020212022202320242025
Finding 5

Campaign stage and goal progress

  • At capture, 2,451 of 2,485 InDemand projects and 57 of 1,213 active campaigns were at goal.
  • Only 2 active campaigns carried the promoted flag, so the promoted group is very small.

How to use it

Stage, promotion and tags describe the snapshot. Estimating effects requires comparable campaigns at the same stage.

Exhibit 6
Share at goal at capture
Rates and denominators are shown on the right
InDemand / active
98.6% (2,451/2,485)
4.7% (57/1,213)
Promoted / other (active)
100.0% (2/2)
4.5% (55/1,211)
2+ tags / other (active)
5.0% (48/962)
3.6% (9/251)
Exhibit 7
Progress by implied funding goal
Active campaigns with a valid positive multiple; goals in USD equivalent
$0–<$1K
62 · 25.8%
$1K–<$5K
209 · 11.0%
$5K–<$10K
165 · 6.7%
$10K–<$25K
166 · 2.4%
$25K–<$50K
65 · 3.1%
$50K–<$100K
51 · 0.0%
≥$100K
51 · 2.0%
Category tools

Opportunity matrix

Campaign count is on the horizontal axis and median funding on the vertical axis. Bubble area reflects total USD funding.

Dashed lines mark the category medians for campaign count (53) and median raise ($1,692). The 27 categories each have at least 10 sample campaigns launched since 2024. The vertical scale uses log₁₀(1 + USD ÷ 100) to include $0.

Niche, higher funding 5

Fewer campaigns with a higher median raise.

  1. Camera Gear$181.7K
  2. Energy & Green Tech$2.3K
  3. Transportation$19.3K
  4. Audio$5.1K
  5. Tabletop Games$2.1K

Popular, higher funding 9

More campaigns with a higher median raise.

  1. Travel & Outdoors$39.5K
  2. Productivity$17.3K
  3. Home$31.9K
  4. Phones & Accessories$49.9K
  5. Fashion & Wearables$10.1K
  6. Film$1.7K

Popular, lower funding 5

More campaigns with a lower median raise.

  1. Health & Fitness$1.5K
  2. Food & Beverages$130
  3. Writing & Publishing$462
  4. Art$259
  5. Local Businesses$2.5

Niche, lower funding 8

Fewer campaigns with a lower median raise.

  1. Video Games$1
  2. Education$0
  3. Web Series & TV Shows$266
  4. Wellness$2.5
  5. Podcasts, Blogs & Vlogs$970
  6. Culture$221.3
Category tools

Category benchmarks

Compare category size, percentiles, listed prices and funding concentration. Funding percentiles include zero-funding campaigns.

GroupCategoryCampaignsWith fundingSince 2024MedianP90Median offerTotalTop project shareHKDAt goal / knownTop project
Design & livingHome27125883$64,598$395,409$79$45,969,8645.9%42243 / 271The Couch Console
Design & livingTravel & Outdoors363347165$53,336$265,177$65$43,456,7784.4%87333 / 363anymaka Portable Hammock Stand that Sets Up in 3s
Tech hardwarePhones & Accessories17216253$72,085$541,630$49$42,011,4767.5%30158 / 171HyperDrive USB-C Hub for MacBook Pro 2016 2017
Tech hardwareProductivity17414986$63,145$511,186$68$38,909,46614.4%37136 / 174GPD WIN 4 2025 : AMD APU handheld Console
Design & livingFashion & Wearables27024778$39,354$312,849$77$34,090,21411.6%45238 / 270La Mansio The 6-in-1 Modular Bag for Active Women
Tech hardwareHealth & Fitness243206113$27,615$166,700$64$23,253,35117.5%46185 / 243BionicGym: Weight Loss in a Box
Tech hardwareCamera Gear292811$243,789$1,132,058$184$12,003,29916.1%828 / 29HOVERAir AQUA: First Waterproof Self-Flying Camera
Content & mediaFilm842795749$2,338$30,180$15$10,714,3333.9%0426 / 842Chuck Palahniuk's Lullaby
Tech hardwareTransportation716136$78,672$328,790$299$10,371,19314.1%1459 / 71Loomo: Mini Transporter Meets Robot Sidekick
Tech hardwareAudio656116$72,600$315,233$99$9,447,96914.7%1759 / 65HEAVYS - Headphones Engineered For Heavy Metal
Tech hardwareEnergy & Green Tech686029$37,411$286,723$89$9,370,11324.0%1154 / 68Ostation 2: Next Gen of Personal Smart Battery Hub
LifestyleFood & Beverages1007559$9,645$135,610$45$7,028,60132.8%763 / 100eto - wine preserved beautifully
GamesVideo Games704748$2,343$135,901$15$3,803,78627.5%235 / 70Odin 3: The Ultimate 6''120Hz OLED Gaming Handheld
Content & mediaWriting & Publishing1179573$3,795$44,660$19$3,677,24735.0%072 / 117Good Night Stories for Rebel Girls
GamesTabletop Games645920$17,217$121,338$29$3,557,23727.2%656 / 64The Ultimate Boardgame Backpack
Content & mediaEducation724748$505$63,658$30$2,856,44721.3%530 / 72UGOT Robotic Kit - Future Crafted Now
Art & performanceArt916862$2,557$25,755$21$2,684,00238.3%650 / 91Stickybones: Rapid Posing & Animation Made Easy
Content & mediaComics12411779$5,671$50,099$15$2,074,6858.3%0107 / 124Ethan Van Sciver's CYBERFROG UNIVERSE PREQUELS!
Content & mediaMusic192164168$3,336$25,228$12$1,840,3535.5%195 / 192Zuby's NEW ALBUM - 'Word of Zuby'
Content & mediaWeb Series & TV Shows533949$320$21,218$13$599,47845.9%015 / 53Goblins Animated 2nd Edition
Content & mediaPhotography1198$1,417$135,182$25$540,41855.0%15 / 11Sales Now Ended - Duovox Mate Pro NIGHT VISION
LifestyleLocal Businesses603256$5$20,864$25$448,90724.2%09 / 60Woods Room Bike Park
Art & performanceDance & Theater635859$2,055$9,394$14$385,39137.7%030 / 63SOWELL: A Solo Play About an American Genius
Tech hardwareWellness372034$10$32,842$25$240,05721.9%15 / 37UniGym:All-in-One Home Gym for Strength & Wellness
LifestyleEnvironment17813$0$24,544$20$119,85039.2%05 / 17Modern, Organic, Plastic-Free Bodycare
Content & mediaCulture241623$319$6,747$13$80,23244.4%05 / 24Filipina on the Rise
Content & mediaPodcasts, Blogs & Vlogs211718$1,325$10,230$10$79,92534.5%06 / 21The Grand Data Over Dogma Book Launch Tour
LifestyleHuman Rights15714$0$2,021$22$20,00278.4%01 / 15SAWA Kenya
Category tools

Funding mix by launch year

Group campaigns by launch year and switch between each category’s funding share and USD-equivalent amount.

Tech hardwareDesign & livingGamesContent & mediaArt & performanceLifestyle
0%25%50%75%100% 20152016201720182019202020212022202320242025

Funding is cumulative at one capture date. Years identify launch cohorts and do not measure annual platform growth.

Category tools

Top campaigns

Filter the top 100 by converted funding. Up to 40 campaigns are shown at a time.

1
$5,621,484HKD 43,719,198
1,203×Goal multiple
$4,673Implied goal
2
BionicGym: Weight Loss in a Box
Health & Fitness2024InDemand
$4,069,439USD 4,069,439
199.79×Goal multiple
$20,368Implied goal
3
$3,963,687USD 3,963,687
338.98×Goal multiple
$11,693Implied goal
4
HyperDrive USB-C Hub for MacBook Pro 2016 2017
Phones & Accessories2017InDemand
$3,146,331USD 3,146,331
18.42×Goal multiple
$170,798Implied goal
5
The Couch Console
Home2021InDemand
$2,714,243USD 2,714,243
158.67×Goal multiple
$17,106Implied goal
6
$2,425,291HKD 18,861,883
50.81×Goal multiple
$47,735Implied goal
7
Omega: World's Smallest 100W & 200W USB-C Charger
Phones & Accessories2020InDemandPromoted
$2,306,014USD 2,306,014
129.02×Goal multiple
$17,874Implied goal
8
eto - wine preserved beautifully
Food & Beverages2017InDemand
$2,305,344GBP 1,729,058
14.13×Goal multiple
$163,177Implied goal
9
$2,247,960USD 2,247,960
224.8×Goal multiple
$10,000Implied goal
10
SMOVE: Smartphone Stabilizers & PowerBank in One
Phones & Accessories2016InDemand
$2,213,578USD 2,213,578
46.46×Goal multiple
$47,646Implied goal
11
$2,066,736USD 2,066,736
74.17×Goal multiple
$27,865Implied goal
12
Amazfit X Curved Smartwatch: Bow to the Future
Fashion & Wearables2020InDemandPromoted
$2,033,907USD 2,033,907
94.61×Goal multiple
$21,497Implied goal
13
$1,931,795USD 1,931,795
38.64×Goal multiple
$50,000Implied goal
14
anymaka Portable Hammock Stand that Sets Up in 3s
Travel & Outdoors2023InDemandPromoted
$1,920,605USD 1,920,605
143.93×Goal multiple
$13,344Implied goal
15
BraX3: the most privacy-friendly smartphone!
Phones & Accessories2024InDemand
$1,919,210USD 1,919,210
2.47×Goal multiple
$775,675Implied goal
16
$1,895,963AUD 2,913,021
79.91×Goal multiple
$23,725Implied goal
17
inCharge 6 - The Swiss Army Knife of Cables
Phones & Accessories2019InDemand
$1,875,333EUR 1,620,998
68.27×Goal multiple
$27,471Implied goal
18
Fat Iron Pro-Iron off stubborn fat & stretch marks
Health & Fitness2020InDemandPromoted
$1,827,556USD 1,827,556
88.99×Goal multiple
$20,537Implied goal
19
$1,766,649USD 1,766,649
109.35×Goal multiple
$16,157Implied goal
20
XFoil 2 - World's First Gyro Stabilized Hydrofoil
Travel & Outdoors2024InDemandPromoted
$1,716,908USD 1,716,908
54.2×Goal multiple
$31,678Implied goal
21
Flash: World's Most Powerful 210W USB-C Powerbank
Phones & Accessories2020InDemand
$1,709,562USD 1,709,562
167.81×Goal multiple
$10,187Implied goal
22
$1,651,968SGD 2,145,459
7.49×Goal multiple
$220,682Implied goal
23
ATMOBLUE: Smart Air Mask with HEPA Filtration
Fashion & Wearables2020InDemand
$1,596,600USD 1,596,600
19.38×Goal multiple
$82,381Implied goal
24
FinalPress V2: Brew Coffee & Tea in Your Cup
Travel & Outdoors2023InDemand
$1,561,128USD 1,561,128
298.08×Goal multiple
$5,237Implied goal
25
Zeus: World's First Mini 280W GaN USB-C Charger
Phones & Accessories2023InDemand
$1,549,735USD 1,549,735
77.76×Goal multiple
$19,929Implied goal
26
$1,540,225USD 1,540,225
91.13×Goal multiple
$16,902Implied goal
27
$1,503,554USD 1,503,554
11.68×Goal multiple
$128,706Implied goal
28
$1,469,406USD 1,469,406
8.15×Goal multiple
$180,356Implied goal
29
$1,463,334USD 1,463,334
10.79×Goal multiple
$135,566Implied goal
30
Atom, The Smallest 4G Rugged Smartphone
Phones & Accessories2018InDemand
$1,461,740USD 1,461,740
25.82×Goal multiple
$56,616Implied goal
31
$1,414,231USD 1,414,231
5.88×Goal multiple
$240,479Implied goal
32
$1,403,429USD 1,403,429
5.22×Goal multiple
$268,640Implied goal
33
$1,388,706USD 1,388,706
62.11×Goal multiple
$22,360Implied goal
34
AirCard - Find your wallet. Always.
Phones & Accessories2023InDemand
$1,382,912CHF 1,112,163
53.01×Goal multiple
$26,085Implied goal
35
$1,341,674HKD 10,434,421
370.33×Goal multiple
$3,623Implied goal
36
Duovox Ultra
Camera Gear2023InDemandPromoted
$1,301,241USD 1,301,241
238.33×Goal multiple
$5,460Implied goal
37
$1,293,776USD 1,293,776
87.01×Goal multiple
$14,870Implied goal
38
Good Night Stories for Rebel Girls
Writing & Publishing2016InDemand
$1,287,701USD 1,287,701
16.89×Goal multiple
$76,239Implied goal
39
$1,271,589USD 1,271,589
62.97×Goal multiple
$20,194Implied goal
40
$1,243,097USD 1,243,097
118.51×Goal multiple
$10,490Implied goal
Method

Sample and methodology

  • Each campaign counts once. The cohort covers standard campaigns open at capture. Pre-launch and InDemand are separate stages.
  • Funding analyses cover active and InDemand campaigns. Amounts are converted using a common capture-date rate before ranking and aggregation.
  • Web Robots Indiegogo Datasets
Exhibit 8
Cohorts used in the analysis
Share of all unique project IDs
Pre-launch
5,831 · 61.1%
Active
1,213 · 12.7%
InDemand
2,486 · 26.1%
Exhibit 9
InDemand share at goal by launch year
Years with at least 20 valid progress records
0%25%50%75%100% 2016201720182019202020212022202320242025
Method

Data appendix

Source and cohort

Web Robots Indiegogo Datasets · October 13, 2025 snapshot

The funding cohort includes 1,213 active campaigns ($4,905,115) and 2,486 InDemand campaigns ($304,729,563). Within the active cohort, 843 USD-denominated campaigns showed $4,534,910.

Percentiles and category groups

Percentiles use linear interpolation and include zero-funding campaigns. Categories come from campaign records and are grouped for this analysis.

Exchange rates and original amounts

USD equivalent = original amount × USD per EUR ÷ original currency per EUR. The ECB capture-date reference rates are applied before rounding for display. Rates for 2025-10-13

CurrencyCampaignsOriginal totalUSD equivalentPer EUR
USD2,399USD 203,804,151$203,804,1511.1569
HKD366HKD 380,272,121$48,895,9948.9974
EUR323EUR 17,090,323$19,771,7951
GBP291GBP 14,310,093$19,079,5740.8677
CAD158CAD 8,299,624$5,924,4991.6207
AUD56AUD 6,639,572$4,321,4181.7775
CHF14CHF 2,668,645$3,318,3100.9304
SGD32SGD 4,209,908$3,241,5591.5025
JPY26JPY 68,732,055$451,847175.98
NZD6NZD 742,489$424,8202.022
SEK10SEK 2,494,403$262,03311.013
DKK5DKK 827,495$128,1897.4681
NOK1NOK 85,989$8,51811.679
MXN8MXN 36,481$1,97121.4137
PLN4PLN 0$04.2615
Goal progress and campaign metrics

Multiply the funding multiple by 100 to obtain a percentage. An implied goal is estimated by dividing the amount raised by a positive, valid multiple. The snapshot supplies no backer count. Unavailable values are shown as a dash.