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Crowdfunding in the EU 2025 (European Securities and Markets Authority)

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ReportEuropean Securities and Markets AuthorityJanuary 202519 pages29 min readOriginal source
Key number
€4.25bn
Total crowdfunding raised in EU p.7
Largest segment
58% loan-based crowdfunding
Leading funding instrument p.7

Summary

  • Loan-based projects accounted for 58% of all crowdfunding funding in 2024, followed by debt-based projects at 23% and equity-based projects at 12%.p.5
  • Retail investors made up 88% of all investors in crowdfunding projects, with an average invested amount of around €660 per retail investor.p.8
  • The top five countries by capital raised were France (€1.45bn), the Netherlands (€1bn), Spain (€0.45bn), Italy (€0.29bn), and Lithuania (€0.28bn), accounting for over 80% of total EU funding.p.5
  • Professional, scientific, and technical services was the leading sector for crowdfunding capital, securing €1.35bn, followed by construction at €1.04bn.p.8
  • Cross-border investing remained limited on average, with 8% of total funding raised cross-border across all providers.p.9

Key insights

  1. Among 181 authorised providers, 92 offered loan-based crowdfunding, 64 offered equity-based crowdfunding, and 50 offered debt-based crowdfunding.p.7
  2. Over 10 000 loan-based crowdfunding projects were offered in 2024, attracting participation from over 5.5 million investors.p.8
  3. The average amount raised per project was around €240 000 for loan-based projects, €770 000 for debt-based projects, and €640 000 for equity-based projects.p.8
  4. Real estate attracted the highest number of investors among economic sectors, with 1.45mn participating investors.p.8
  5. Sophisticated investors and professional investors invested higher average amounts than retail investors, at €2 660 and €1 510 respectively.p.8
  6. France hosted the highest number of active providers (50), followed by Italy (27) and Spain (25).p.9
  7. France was the only major market where debt-based crowdfunding led (50% of raised funds), whereas loan-based crowdfunding led in the Netherlands (81%), Spain (60%), Italy (50%), and Lithuania (96%).p.9
  8. In a survey of 20 crowdfunding providers, 10 had artificial intelligence use cases in development and 6 had AI use cases in production, mainly focusing on operational and back-office tasks.p.10

Funders mentioned

Portugal Ventures

Topics and entities

EuropeAI in financeCrowdfunding and crowdinvestingRegulationSME finance and lendingStartup fundingEuropean Securities and Markets Authority

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