Alternative ways of funding journalism: Crowdfunding has raised $20m+ and seeded some major titles
The 30 single-biggest crowdfunded projects in journalism have raised $21 million since 2012, research by Press Gazette has revealed.
Spanish online newspaper El Español which was set up by El Mundo founder Pedro J. Ramirez was the biggest crowdfunding success. The publication raised $3.9 million for its launch in 2015. This is $1.3 million more than the second-most successful campaign by now-defunct, The Correspondent..
The research, which considers crowdfunded projects from a variety of platforms and ranks individual campaigns rather than the total funds gathered, found that while major crowdfunding campaigns have a wide global reach, the majority of the highest-funded campaigns were from Europe.