Ontario currently (as of April 2014) holds the title for the highest number of crowdfunding platforms compared to the other provinces at 46.8%, followed by BC at 19,1% and Quebec at 17%. With the pending changes in equity crowdfunding,these numbers are poised to change.
*Image adapted from the Canadian crowdfunding directory
4 CANADIAN CROWDFUNDING PLATFORMS TO WATCH
Fundrazr —Crowdfunding for everyoneAdvantages: Hosts any campaign type / Embeddable website widgets for self-advertising Funding Method: Reward / All or nothing / Equity (coming soon) Raised: $45M from 40,000 campaigns in 20 countries around the world Suitable for: No limitations Cost: 5% / Payment Provider fee: 2.9% + 30¢
Seedups Canada — Equity crowdfundingAdvantages: Free to submit a proposal Funding Method: InvestmentAverage Funding per Campaign: $250,000-$2M Suitable for: Tech startups Cost: All-or-nothing
Giveffect —Crowdfunding for charitiesAdvantages: All projects are linked back to Canadian charities, engages younger donors Funding Method:Donation Average Funding per Campaign: $5,000 Suitable for : Charities (gathering donations) / Corporations (employee engagement + giving donations) Cost: 6.2% / Payment processing fees: 2.9% + $0.30.
Fundo —Crowdfunding for artistsAdvantages: Raise funds easily and quickly Funding Method: Rewards Most Funded Project: $28,250 Suitable for: Artists and Entrepreneurs Cost: Flexible Funding 8% / Fixed Funding 4>#/li###