Indiegogo Raises $40 Million to Expand Globally

Indiegogo, a crowfunding service that helped popularize the concept, has raised another $40 million in funding to expand globally and take on the growing number of competitors.

The latest funding round, which was announced early Tuesday morning, was led by Institutional Venture Partners and Kleiner Perkins, and brings Indiegogo's total funding to date to more than $55 million

"We're going to be looking to continue build out what we started from six years ago which is to become the world's open funding platform," Slava Rubin, cofounder and CEO of Indiegogo, told Mashable in a recent interview. Read more...