As crowdfunding continues to grow, in both terms of viability and participation, it is becoming clear that the practice is much more than fad. Further, as the SEC has approved new regulations, very much in favor of crowdfunding, the practice has been legitimized even further. Some crowdfunding statistics are staggering.

Kickstarter publishes a robust set of statistics on the platforms overall impact. To-date, there has been $958 million raised on the platform, through a total of 5,535,555 backers. A total of 55,488 projects have been successfully funded, and there has been a total of 1,631,194 repeat backers. Wow.

The impact of crowdfunding as a whole is nearly overwhelming. We just came across the below infographic that sheds some light on the practice and its overall economic impact.