1. the practice of raising money for a project or business by collecting small contributions from a large number of people, typically through an online platform
Usage: commonly used in business and entrepreneurship contexts; often associated with startups and creative projects

Examples

• The startup used crowdfunding to raise $500,000 for their new app.
• Many independent filmmakers rely on crowdfunding to finance their projects.
• She launched a crowdfunding campaign on Kickstarter to support her music album.
• Crowdfunding has made it easier for entrepreneurs to get funding without approaching banks.
• The inventor used crowdfunding to test market demand before mass production.
• Crowdfunding platforms connect creators directly with potential supporters.