Crowdfunding represents a growing source of alternative financing for a variety of both for- and non-profit ventures that through incremental contributions from a large and dispersed group of individuals have changed the funding opportunities for diversity of projects. Based on data from eight crowdfunding platforms that have financed projects with almost 223 million DKK this article tries to map crowdfunding in Denmark. The article introduces the phenomenon of crowdfunding, some descriptive characteristics, as well as an analysis of which factors predict the likelihood success. The article finds that while crowdfunding is portrayed as a democratizing force its resources are concerted primarily around metropolitan areas. Conversely, crowdfunding is democratizing in the sense that women have a significantly greater chance of success as compared to men. These results provide some initial insight into crowdfunding in a Danish context, as well as which individuals and areas benefit.
|Translated title of the contribution||Crowdfunding in Denmark: From Niche to Mainstream Financing|
|Journal||Økonomi og Politik|
|Number of pages||20|
|Publication status||Published - 2019|