Kickstarter rival Indiegogo announced today that it has raised $40 million in a Series B round of venture financing, which The New York Times notes is meant to "speed growth." The money came from venture capital firms IVP and Kleiner Perkins.

　　The San Francisco-based Indiegogo said the funds would be used for "making key hires, expanding globally, and improving the user experience with a focus on mobile, personalization, and trust."

　　Indiegogo's size and reach doesn't match Kickstarter. That site that has spawned numerous high-profile video game projects like Tim Schafer's Broken Age, the Ouya console, Oculus Rift, and Wasteland 2, among many others.

　　However, Indiegogo is proving attractive for some developers as well. Just yesterday, Square Enix launched its "Collective" crowdfunding program through a partnership with Indiegogo. In addition, Lab Zero Games successfully took to Indiegogo last year to raise money for five Skullgirls DLC characters.

　　Unlike Kickstarter, which is all-or-nothing, Indiegogo creators have the option of creating campaigns that allow them to keep what they earned--even if they don't reach their target.

　　You need a javascript enabled browser to watch videos.

　　Click To Unmute

　　Valentine - Skullgirls Trailer

　　How Alan Wake II Made Me Face My Fear of Horror Games

　　GameSpot's Top 10 Games of 2023Thompson: The Pop Culture Icon’s Strange Legacy - LoadoutFirearms Expert’s FAVORITE Weapons Of 2023State Of Gaming Handhelds In 2023How Lies of P Cracked the Souls GenreLike a Dragon: Infinite Wealth - Official Ichiban Kasuga Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Saeko Mukoda Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Chitose Fujinomiya Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Eric Tomizawa Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Kazuma Kiryu Character Spotlight TrailerLike a Dragon: Infinite Wealth - Official Yu Nanba Character Spotlight Trailer

　　Share

　　LinkEmbed

　　Size:640 × 360480 × 270

　　Start at: End at: Autoplay Loop

　　Want us to remember this setting for all your devices?

　　Sign up or Sign in now!

　　Please use a html5 video capable browser to watch videos.

　　This video has an invalid file format.

　　00:00:00

　　HTML5

　　Auto HD High Low

　　Report a problem

　　Sorry, but you can't access this content!

Please enter your date of birth to view this video

　　By clicking 'enter', you agree to GameSpot's

　　Terms of Use and Privacy Policy

　　enter