Kickstarter Q1 2023: A Comparative Overview of Categories and Funds

Kickstarter Q1 2023: Which categories get the most pledges? Click to view more data of Kickstarter Q1 quarter!

Tommy

May 5, 2023

Kickstarter is one of the most popular crowdfunding platforms, allowing businesses to raise funds for their ideas while offering consumers a chance to be part of something new and exciting. However, launching a Kickstarter campaign does not guarantee success, and there are many factors to consider before launching a project. 

In this article, we will delve into the success rates of different product categories on Kickstarter and provide an overview of the funds raised in Q1 2023. By examining this data, you can gain insight into the types of products that have a higher likelihood of success and the factors that contribute to a successful campaign.

1.Kickstarter Q1 Data Overview

There are sure to be plenty of backers on Kickstarter looking for projects to back.But what about the Kickstarter project itself?

Here are the project-based Kickstarter stats to watch out for in Q1 2023:

  • A total of 9,123 projects were released
  • A total of 4,403 successful projects
  • Average success rate 48.26%
  • Successfully raised 130 million
  • Failed fundraising 6 million

2.Which Kickstarter categories get the most pledges?

Undoubtedly there are some standouts among Kickstarter's many categories, always able to raise more money. 

Here are the three categories that rank far and away by the amount raised:

Furthermore, these three categories (Game, Design, Tech) accounted for 28.85% of all 705,050 projects that successfully raised funds in Kickstarter Q1.

Having a project in these three categories significantly increases the likelihood of running a successful Kickstarter campaign.

3.Which month in Q1 is the most likely to succeed in launching a project?

What is shocking is that the success rate of crowdfunding projects in the three months of Q1 did not show a steady trend, but a steep and uneven one. 

Specifically, the success rates of fundraising in January, February, and March were 33.35%, 47.89%, and 60.09%. Respectively. Obviously, the success rate in March is much higher than that in January.

It also reminds us that the success of a project is not only determined by the quality of the project itself, it turns out that the timing of the release is also very important.

All in all, the Kickstarter data for the first quarter of 2023 provides valuable insight for anyone considering launching a crowdfunding campaign. By understanding the success rate of different product categories, the amount of funding raised, and when the project was launched, creators can increase the chances of a successful Kickstarter campaign. As the crowdfunding industry continues to evolve, it will be interesting to see how these trends develop and which categories become the most popular with backers.

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