Crowdfunding Platform Tumblbug Surpasses 300 Billion KRW in Total Sponsorship Funds

7 Million Sponsorships... Over 50,000 Projects Conducted

Backpacker (CEO Kim Dong-hwan) announced on the 26th that 'Tumblbug,' a leading domestic crowdfunding platform, has surpassed a cumulative funding amount of 300 billion KRW. This achievement was reached through more than 50,000 projects over 12 years of service, with a total of over 7 million sponsorships.

Launched in 2011, Tumblbug has showcased new challenges and experiments across various fields such as publishing, video, fashion, comics, games, and living. Recently, among single projects, documentary production and the revival funding of the nostalgic 2010s magazine Mister K recorded significant results of 1.49 billion KRW and 550 million KRW respectively.

In its early days, Tumblbug was strong in creative fields like independent publishing and webtoons, but since 2021, driven by easier e-book publishing and the rise of N-jobbers, the practical and hobby book sectors based on expertise have been rapidly growing. Tumblbug has conducted about 2,000 projects in the practical and hobby book categories over the past three years. Up to the third quarter of this year, a total of 1,300 projects have been opened, and a growth rate of approximately 300% compared to last year is expected by the end of the year. Additionally, the fashion sector has seen a steady increase in funding, with projects from startups and small business owners growing by more than 15% annually since 2021.

Kim Dong-hwan, CEO of Backpacker, stated, "We will continue to carry out many creative and meaningful projects across various fields to advance the crowdfunding industry."

This content was produced with the assistance of AI translation services.