Comment on Crowdfunding Site DemoHour Secured Millions of Dollars Series A Funding from Matrix Partners and Intel by 5 Questions With SHIELD, A Smart Thermometer Made by Designers | TechNode

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-01-03 00:00:00

Zhang You, founder of Kickstarter-like crowdfunding site DemoHour booked millions of dollars of Series A funding from Matrix Partners China and Intel (source in Chinese). The capital will be used to develop crowdfunding services for hardware and art, etc, said Zhang. Project creators choose a deadline and a minimum funding goal. In order to encourage users to adopt the service, DemoHour stopped to charge the 10% commission fee from July 4 of last year. Similar domestic crowdfunding services include, AngelCrunch and 5ichuang.