Women are better than men in raising funds from crowdfunding sites, according to a new study.
According to a new report from PricewaterhouseCoopers LLP and The Crowdfunding Center, women are more successful than men in raising their funding targets from crowdfunding sites, with women 32% more successful than men.
The analysis was based on 450,000 seed crowdfunding campaigns across the globe.
Further, women-led projects received a greater average pledge amount than men-led projects, with an average contribution of $87 to women and $83 to men.
Women in Asia achieve twice as much success as men there, while in North American women have a 23% success rate, compared to a 20% success rate for men.
Seed crowdfunding increased from $10 million in 2009 to more than $767 million in 2016, with backers from over 200 countries.
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