Donations received via crowdfunding continued to fall in France during 2019, the annual crowdfunding barometer from Participative Financing France and Mazars has shown.
The overall amount collected fell from €82.8 million in 2017 to €79.6 million in 2019.
However, donations given without a reward increased sharply. The barometer’s figures show that €53.5m of gifts in 2019 were incentivised with a reward, while €26.1m was given without any such incentive. In comparison, 2018 saw €13.5m donated without any reward given, and €68.1m given with an incentive.
Sector-wise, the cultural sector received the most donations via crowdfunding, at €32m in 2019. This was followed by the economic sector at €26m, and the social sector at €21m.
The barometer measures all crowdfunding activity, from donations, to loans, bonds, and investments, as well as other forms of alternative finance.
Overall it found, 2019 was a record year for crowdfunding in France with a 56% increase in the amount collected to €629m, mainly carried by loans and bonds, which saw a sharp increase from €195m in 2017 to €508m in 2019.