Market Size of Crowdfunding in Latin America
Crowdfunding in Latin America is still a growing market. We have credible sources proving so. Using various statistics I will be able to determine what each individual market cap for the three different types of crowdfunding are in Latin America.
According to Statista, the total market size for crowdfunding in Latin America is $23,000,000 USD as of 2018. Another notable fact was that donation-based crowdfunding was estimated to have a yearly growth rate of 43% from 2014-2015. In 2015 Latin America accounted for $5,180,000 USD in donation-based crowdfunding.
According to this source we found, the equity-based crowdfunding transaction value in the Latin American region is forecasted to reach a total of more than $270,000,000 by 2020. The article also mentions that this is an emerging field in Latin America due to the fact that there is a huge demand for equity-based crowdfunding.
The most recent source that distinguished the market size for donation-based Latin American crowdfunding stated that there was 43% annual growth from 2014-2015 and that $5,180,000 USD came from Latin America.
Due to the lack of any direct identification, the information used to calculate Latin America's individual reward-based crowdfunding market was pooled together from different sources. I found a source that implied the that crowdfunding platform, LittleBigMoney is a huge reward-based crowdfunding platform in Latin America. Knowing that the total revenue of this platform is $5,600,000 USD, it is safe to say that is also the market size only for Latin America's reward-based crowdfunding.
To bring this to an end, I have searched extensively online for resources pointing me in the right direction of the crowdfunding scene in Latin America and have found that as of 2018, the total amount funded has been $23,000,000. I have also discovered that there is huge growth in this market at 13.1% per year.