English · Work & Business
crowdfunding
/ˈkraʊdˌfʌn.dɪŋ/
[/ˈkraʊdˌfʌn.dɪŋ/]
raising money from many
Advancednoun
Definition
The practice of funding a project by raising small amounts from many people online.
Example
The board game raised half a million dollars through crowdfunding before it shipped.
The board game raised half a million dollars through crowdfunding before it shipped.
Etymology
A blend of 'crowd' and 'funding', emerging around 2006 with online platforms.
How & Where It’s Used
Used in startups, creative projects, and charity.