European Crowdfunding Guide 2025
A comprehensive overview of the European crowdfunding landscape, based on the latest market data and regulatory developments.
1. Market Overview
Total Market Volume:
€1+ billion (2023)
Dominant Model:
Loan-based (65% of funding)
Retail Investor Share:
87% of all investors
Leading Sectors:
Professional services (33%)
Construction (21%)
Leading Markets
- France: 30 platforms, €292M volume
- Netherlands: 17 platforms, €291M volume
- Lithuania: 11 platforms, 500,000 investors
2. Funding Models
Loan-based Crowdfunding
- Most popular model (65% of funding)
- Average project size: €15,000
- Highest number of projects (~5,000 in 2023)
- Popular for business and property development
- Average interest rate for business lending: 7.41%
Debt-based Crowdfunding
- 17% of total funding
- Average project size: €53,000
- Involves transferable securities
- Secondary market trading possible
Equity-based Crowdfunding
- 6% of total funding
- Average project size: €46,000
- Popular for startups and scale-ups
- Higher regulatory requirements
3. Regulatory Framework (ECSPR)
Key Requirements
- €5M maximum offering size per 12 months
- Mandatory platform licensing
- Investor categorization (retail/sophisticated)
- Risk warnings and disclosures
- Entry knowledge test for retail investors
Platform Obligations
- Authorization by national authorities
- Due diligence on projects
- Transparent fee structure
- Regular reporting to regulators
4. Market Trends 2024-2025
Market Evolution
- Industry consolidation through M&A
- Growing cross-border activity (17% of funding)
- Increasing institutional investor participation
- Focus on sustainable and impact projects
Technology Trends
- Integration of blockchain and tokenization
- Enhanced automation of processes
- Mobile-first platforms
- Advanced investor analytics
Western Europe
France (30 platforms)
October (Loan-based)
- Focus: Business lending
- Average interest rate: 7.41%
- Cross-border operations
Anaxago (Mixed model)
- Focus: Real estate and business
- Strong due diligence process
Additional Active Platforms:
- KissKissBankBank
- Lendopolis
- Wiseed
- ClubFunding
- Fundimmo
- Credit.fr
- Tudigo
- Lita.co
Netherlands (17 platforms)
Geldvoorelkaar (Loan-based)
- Focus: SME lending
- Strong market presence
Collin Crowdfund (Business lending)
- Focus: Established businesses
- High success rate for funded projects
Additional Active Platforms:
- Funding Circle Netherlands
- Lendahand
- Oneplanetcrowd
- CrowdAboutNow
- Max Crowdfund
- SamenInGeld
Germany (113 platforms)
Companisto (Equity)
- Focus: Tech startups and growth companies
- Strong investor protection measures
Exporo (Real Estate)
- Focus: Real estate projects
- Market leader in property crowdfunding
Additional Active Platforms:
- Green Rocket
- Kapilendo
- WIWIN
- Seedmatch
- VR Crowd
- Conda Germany
- Zinsland
Austria (24 platforms)
Conda (Mixed)
- Focus: Startup and SME funding
- Pan-European presence
Additional Active Platforms:
- Green Rocket Austria
- Finnest
- Regional Funding
- Lion Rocket
Belgium (18 platforms)
Look&Fin
- Focus: Business lending
- Strong presence in French-speaking regions
Spreds
- Focus: Startup investments
- Professional investor focus
Additional Active Platforms:
- Ecco Nova
- BeeBonds
- Bolero Crowdfunding
- WinWinner
Luxembourg (3 platforms)
Ireland (10 platforms)
Linked Finance
- Focus: SME loans
- Market leader in Irish P2P lending
Additional Active Platforms:
- Property Bridges
- Spark Crowdfunding
- Initiative Ireland
Nordic Countries
Sweden (14 platforms)
FundedByMe (Mixed)
- Focus: Equity and loan-based crowdfunding
- Minimum investment: €500
- International presence
- Strong track record in tech startups
Tessin (Real Estate)
- Focus: Property development
- Minimum investment: €1,000
- Market leader in Nordic real estate crowdfunding
- Strong due diligence process
Additional Active Platforms:
- Pepins
- Kameo
- SaveLend
- Brocc
- Trine
- Lending Crowd Sweden
- Hypoteket
- Landlend
- Lendify
- Toborrow
Denmark (13 platforms)
Lendino (P2P Lending)
- Focus: Business loans
- Minimum investment: €67 (500 DKK)
- Local market expertise
- Transparent risk assessment
Kameo Denmark (Real Estate)
- Focus: Property development
- Minimum investment: €500
- Cross-border operations
- Professional investor focus
Additional Active Platforms:
- Flex Funding
- Crowdinvest
- Brickshare
- Coop Crowdfunding
- Nordic Crowdfunding
- DealCircle
- Better Rates
- Booomerang
- Donate
Finland (8 platforms)
Invesdor (Equity)
- Focus: Growth companies
- Minimum investment: €100
- Digital securities platform
- Cross-border operations
Fellow Finance (P2P Lending)
- Focus: Consumer and business loans
- Minimum investment: €25
- One of the largest in Northern Europe
- Listed on Helsinki Stock Exchange
Additional Active Platforms:
- Vauraus
- Mesenaatti
- Groundfunding
- Fundu
Norway (15 platforms)
Folkeinvest (Equity)
- Focus: Norwegian growth companies
- Minimum investment: €100
- Strong focus on retail investors
- Growing market presence
Kameo Norway (Real Estate)
- Focus: Property lending
- Minimum investment: €500
- Secured loans
- Professional underwriting process
Additional Active Platforms:
- Monner
- FundingPartner
- Dealflow
- Kredd
- Spleis
- Bidra
- StartupLab
Further reading:
Guide to funding in the Netherlands
