It’s happening again.
Another crowdfunding campaign to support independent journalism has amassed more than one million euros in Europe.
Kickstarter’s Journalism category has never had a single campaign raise more than $150,000 but Europe has seen a crowdfunding campaign for journalism top one million euros each year for the last three years.
The latest is happening in Madrid, Spain at El Español.
With two weeks left to go, elespanol.com has raised 1.3 million euros in its crowdfunding campaign.
Like De Correspondent and Krautreporter, El Español has raised the money for a brand new news outlet.
Unlike De Correspondent and Krautreporter who operate on an annual subscription model, El Español is doing an equity crowdfunding campaign, which allows people to buy a stake in the news outlet. More than 2,200 people have become investors thus far.