Neil Young raises $6 million, has third biggest Kickstarter campaign

Neil Young has raised more than $6 million through a Kickstarter campaign to fund the singer-songwriter's digital music project PonoMusic.

Kickstarter closed the campaign Tuesday after it raised $6.2 million through 18,000 supporters. The campaign is the third most-funded project for Kickstarter.

Young's portable player will cost $399 when it debuts in October. PonoMusic will also launch an online music store. The project promises high quality audio compared with other digital tracks that feature compressed audio.

The Kickstarter campaign was launched last month.

Young thanked supports on the campaign's page on Tuesday: "You have helped to set the stage for a revolution in music listening. Finally, quality enters the listening space so that we can all hear and feel what the artists created, the way they heard and felt it."

Young, 68, named the company Pono after a Hawaiian word meaning righteousness.