According to the Crowd-Investing Observatory at MIP, the School of Management of Politecnico di Milano (link), the overall capital raised by Italian companies through crowdfunding platforms is € 908 million, as of June 2020. In particular, € 158,9 million is the capital raised through equity-based platforms, € 749 million through lending-based platforms.
According to the latest report, there are 42 authorised equity-based crowdfunding platforms in Italy. Overall, these platforms have organised 595 campaigns since their inception, 192 in the period June 2019-June 2020. The top platforms – in terms of overall raised capital – are: Mamacrowd, CrowdFundMe and Walliance.
The equity raised in the period June 2019-June 2020 is € 76,6 million, +56% compared to the previous year (€ 49 million). The trend is still positive despite Covid-19: the Observatory reports a 40% growth in the first semester 2020, compared to H1 2019.
On average, the equity raised per campaign is € 192.481, with a 72,7% success rate (75% in the first semester 2020). These numbers do not consider the real estate equity crowdfunding platforms, which on average raise € 804.914 per campaign.
Companies raising capital are primary innovative start-ups (58%), innovative SMEs (13%) and then “traditional” SMEs and investment vehicles. Capital is needed mainly for marketing investments (49%) and product developments (30%). The median pre-money valuation is approx. € 1,6 million.
If we look at the investment size, the average ticket is € 3.222 for individuals and € 20.000 for corporates. As of 30 June 2020, the value of the overall portfolio increased by 10,41% compared the estimated value in the previous year.
In the last 12 months, there were the new exits: three IPOs, five paybacks by the controlling shareholders, two trade sales and some write-offs.
On the lending side, the total number of lending crowdfunding platforms operating in Italy is 17 as of June 2020: 11 platforms are dedicated to SMEs (such as Credimi Futuro, Borsa del Credito and October) – 6 of which dedicated to real estate projects; 6 platforms provide loans to consumers (such as Younited Credit, Smartika, Soisy).
Overall, these platforms have provided 65.000 loans since their inception, for a total of € 409,8 million. Loans provided in the period June 2019-June 2020 were 12.000, for a total of € 134,6 million (+52% compared to previous period). These numbers do not consider invoice financing platforms.
A particular section of the report is dedicated to the real estate crowdfunding. As of June 2020, in Italy there are 10 dedicated platforms (equity-based and lending-bases), which have financed 154 real estate projects since their inception.
In the period June 2019-June 2020, these platforms raised € 48,7 million (+185% compared to previous period), of which € 29,2 million loans and € 19,5 million equity investments).
For more info on the Italian equity crowdfunding regulation read: Legal framework for equity crowdfunding
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You can download the detailed report produced by the Crowd-Investing Observatory (in Italian) at this LINK
You can find more info on the Crowd-Investing Observatory at MIP at the following link: http://www.osservatoriocrowdinvesting.it/portal/minibond/default