Kickstarter, the crowdfunding platform for creative projects, hit a major milestone today, when it officially racked up $1 billion in pledges.
According to the company’s statistics page, its $1 billion in total funds represents $859 million backing successful projects — with the $1 billion total referring to all projects, including those that are still in progress, or else which failed to reach their funding goal.
To date, there have been 57,121 successful Kickstarter projects — earning the company just under $43 million in the 5% cut that it takes of all successful projects.