Crowdfunding saw significant growth in Switzerland last year but volumes of funding remain low, according to the annual Crowdfunding Monitoring Report, published by The Institute of Financial Services Zug IFZ of the Lucerne School of Business, in association with Swisscom.
The report shows that funds raised by crowdfunding grew by almost 9.5m Euros (CHF 11 million) in Switzerland last year increasing from almost 14.5m Euros (CHF 16 million) to 24.4m Euros (CHF 27 million) year-on-year.
The report also found that in 2015, about 88,000 people backed projects in Switzerland, equating to one percent of the population.
Crowdlending posted the highest growth from 2014 to 2015, rising 127%, to CHF 7.9m, followed by reward-based crowdfunding and crowddonating, which rose 60%, to CHF 12.3m, and crowdinvesting, which saw a 54% increase, to CHF 7.1m.
In the reward-based crowdfunding and crowddonating segment, 1,059 campaigns were funded in 2015 out of a total of 1,639 launched: a success rate of 64.6 percent.
As of the end of 2015, more than 30 crowdfunding platforms were operating in Switzerland, a figure that rose to 40 as of April 2016.