Crowdfunding websites helped companies and individuals globally raise $2.7 billion in 2012—–an 81% increase from 2011. North America accounts for the majority of this activity—-$1.6 billion . Massolution , a research and advisory firm specializing in crowdfunding, estimates there are 813 crowdfunding platforms worldwide , either already active or about to be launched. With the passage of the Jumpstart our Business Startups(JOBS) Act passed in 2012, crowdfunding has taken off. Massolution anticpates $5.1billion will be raised in 2013, with a greater shift towards funding start-up businesses and small firms rather than social projects, which are currently the most popular category.
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