A new world record for crowdfunded journalism

Credit: Svante Adermark.

Madrid-based ElEspañol.com broke the world record for crowdfunding journalism Saturday, according to their website.

Rosa, a woman in Madrid, bought five shares of El Español to surpass the previous record set by the Dutch website De Correspondent in 2013.

Unlike De Correspondent, who asked people to pay an annual subscription, El Español is holding an equity crowdfunding campaign. That means people can buy a share of the company.

El Español’s crowdfunding campaign ends in 13 days.

As we reported Friday, the elespanol.com campaign is the third crowdfunding journalism campaign in as many years to raise more than one million euros. It is the second substantial campaign, Direkt36 in Hungary being the other, to take place within the last month in Europe.

Khari is founder and editor of Through the Cracks: Crowdfunding in Journalism. He also writes about bots and artificial intelligence for VentureBeat. He has built news startups in the U.S. and Europe for the last decade.

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