Crowdfunding platform Fig has raised a series A funding round of $7.84 million to help it grow and accommodate more campaigns.

Funding was led by Spark Capital and Greycroft, as well as other investors including Resolute Ventures, NextView Ventures and Draft Ventures.

Fig's platform was founded in 2015. It allows developers to crowdfund their games with either rewards-based campaigns or by selling shares in their game and paying funders back when their game begins to generate revenue.

Big funders

"Fans on our platform have already demonstrated that they're willing to invest over 20 times more money per person for equity over rewards," said Fig CEO Justin Bailey.

"Looking forward, we're exploring the possibility of amplifying the impact of fans even further by inviting institutional investors who have already expressed interest in our unique model to provide matching funds across our platform."