The Top Crowdfunding Sites for Funding Films
With crowdfunding's popularity growing, we're seeing a lot of niche crowdfunding sites that are very good at targeting specific industries. We've seen athletes turn to crowdfunding to raise money to train and compete, and musicians raising money to produce new songs or go on tour. For certain industries, crowdfunding is transforming the way participants raise money for -- and invest in -- projects.
With this trend in mind, it's no surprise that the film industry is finding crowdfunding to be a new channel to raise money. Film financing is not unlike raising money for startups: few make money, but the ones that do succeed in making a blockbuster...make their financiers and producers a lot of money.
Top Crowdfunding Sites for Funding Films
Whether you're an aspiring producer of a new film who needs a way to bankroll your dreams or a (first-time) backer of such films, here's a list and description of the top crowdfunding sites for film finance.
- Junction: Where passion meets profit, Junction bills itself as a crowdfunding site that enables individuals to invest in new films alongside professional film financiers. It means backers get access to curated projects (meaning, the site looks for better opportunities and isn't open to any Tom, Dick, or Harry who's looking to produce a movie) at terms similar to what big-time investors get.
- Indiegogo: Though the large crowdfunding site lists projects of all sorts, its roots are definitely in film. Indiegogo was an early entrant to film crowdfunding, and numerous artists use it daily to raise money for their next big idea. The site's film category lists the top crowdfunded films to date along with a number of films raising hundreds of thousands of dollars (the largest to date raised over $2 million).
- Seed & Spark: This crowdfunding site for independent film is a different animal from some of the others on this list. It not only provides a place for aspiring filmmakers to raise money for their projects, but it's also a place for lovers of independent films, web series, and film festivals to discover new films (and filmmakers) to watch and enjoy. According to the site, they support "all things moving-picture related." From films (shorts, features, docs, experimental) to web series and film festivals to independent cinemas, this crowdfunding site does it all.
- Slated: Slated is an online marketplace for film financing and dealmaking — connecting a global network of investors, filmmakers, and industry professionals. For filmmakers, Slated is a platform to promote viable films to an engaged audience. For investors and the industry, Slated provides access to qualified filmmakers and leading organizations to facilitate targeted introductions and help discover viable project.
The Bottom Line
Like many other industries, filmmaking suffers from an inefficient allocation of capital. Filmmakers are always hustling, trying to bring in enough money to adequately produce their artwork. Many people would be interested in investing in films but lack the flow of good opportunities to invest in.
Investing in films is very risky, but there are many other reasons to support artistic endeavors. There are numerous crowdfunding platforms popping up to help finance the production of films around the world.