What does "crowdfunding" mean?

Funding by many individuals pooling their money together for a common goal, usually via the Internet.

Crowdfunding

Common synonyms include: campaign launch, crowd funding, crowdfund, crowdfunding campaign, crowdsourced funding, fundraising campaign.

noun

noun ·Rare ·Advanced level

Noun

1
Funding by many individuals pooling their money together for a common goal, usually via the Internet. uncountable, usually
"It was discovered in September 2020 that Cosgrove was raising money on the “Christian crowdfunding site” GiveSendGo to fund his retirement."
2
Funding from a large number of small backers wordnet

"In March of last year, the company raised $25,000 through the online crowdfunding website Kickstarter."

From crowd + funding.