Series - The State of Crowdfunding in Canada

Riipen's massively successful crowdfunding campaign has one important lesson

Author Jaxson Khan
Crowdfunding is enabling non-profits and social enterprises to start and grow faster

Why It Matters

The power of crowdfunding is hard to ignore. Crowdfunding campaigns have raised $34 billion globally, and are on pace to raise nearly 10 times that within the next decade. We explore how non-profit organizations and social enterprises are using crowdfunding platforms to advance their causes.

Photo: riipen.com

In our last article on crowdfunding, we looked at how crowdfunding works, crowdfunding examples, and what’s next for this fast-growing form of fundraising. In this article, we explore how non-profit organizations and social enterprises are using crowdfunding platforms to advance their causes.

Crowdfunding for capital—and champions

When Dana Stephenson graduated from university, he and his friend Dave Savory wanted to improve society by helping graduates get the real-life skills that they needed. 

Starting from a class project in 2013, they created Riipen (disclosure: m

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