Paris, 8 January 2025
The European Securities and Markets Authority (ESMA) has published its first annual market report on the EU crowdfunding market, based on data we receive from National Competent Authorities (NCAs) under the European Crowdfunding Service Providers for Business Regulation, which came into effect in November 2021.
This first report covers a sample of 98 crowdfunding service providers in 17 EU Member States. Aggregate statistics based on the sample of providers indicate that over EUR 1bn of crowdfunding took place in the EU in 2023.
Loan-based crowdfunding was the most common form of funding model (65% of funding raised), followed by debt-based (17%) and equity-based (6%). The average amount raised per loan-based project was around a third of that for debt-based and equity-based projects.
A large majority of investors were retail (87%), who tended to invest smaller amounts than sophisticated and especially professional investors. The leading economic sectors to which crowdfunding was distributed were professional, scientific and technical services (33% of funding raised), followed by construction (21%).
France was the leading hub for crowdfunding in terms of capital raised and numbers of platforms, followed by the Netherlands. The largest number of investors were resident in Lithuania. These countries have all had national crowdfunding regimes in place for several years.
Read the full report
Source – ESMA