According to Law 5/2015 of April 27, 2015, they are participatory financing platforms for authorized companies whose activity consists of putting in contact, in a professional manner and through web pages or other electronic means, multiple natural or legal persons offering financing in exchange for a monetary return ("investors"), with natural or legal persons who request financing on their own behalf to be used for a crowdfunding project ("promoters").
The companies which carry out the activity described in the previous paragraph are not considered to be crowdfunding platforms when the funding raised by the promoters is exclusively through:
The legal framework for crowdfunding platforms is that which is provided for in Law 5/2015 of April 27, 2015 and its legislation, without prejudice to other legislation applicable to these companies and their activity.
Our platform has the authorization of the National Stock Market Commission and the Bank of Spain to finance projects in all forms provided for in Law 5/2015, of April 27, 2015, i.e.
50.1. a) The issue or subscription of bonds, ordinary and preferred shares or other equity securities, when this does not require and does not have an information leaflet, as referred to in articles 25 et seq. of the Stock Market Law 24/1988 of July 28. In this case, "promoter" shall be understood to mean the company which is to issue the securities. Where non-accredited investors are involved in the financing as defined in this capacity, the securities referred to in this section may not incorporate an embedded derivative.
50.1. b) The issue or subscription of shares of limited liability companies, in which case the "promoter" shall be understood to mean the limited liability company which will be issuing the shares.
50.1. c) The request for loans, including crowdfunding loans, in which case the “promoter” shall be understood to mean natural persons or legal persons who are borrowers.
No. Anyone can invest, but the law imposes greater limitations on non-accredited investors.
Any natural or legal person who does not meet the legal conditions to be considered an accredited investor.
According to Law 5/2015, of April 27, 2015, accredited investors are considered to be:
Yes. Investors accredited according to letters C) and D) of the previous section who do not provide financing to a project on the crowdfunding platform within a period of twelve months will lose their accredited status, although they will be able to recover it when they fulfill the requirements laid out in these letters. Likewise, they will lose their accredited status if they request it in writing.
Non-accredited investors will not be able to:
Accredited investors will only have the limits imposed by the Law regarding funding for projects. That is, the maximum amount of funds raised per crowdfunding project through each of the crowdfunding platforms cannot exceed 2,000,000 euros, and it is possible to carry out successive rounds of financing which do not exceed this amount in one year. When the projects are given exclusively to accredited investors, the maximum advance amount may be up to 5,000,000 euros.
No. Any person in Spain or overseas may invest.
The legal person acting as promoter must be legally established in Spain or another member state of the European Union.
Yes. Startups are the riskiest companies, but also the most profitable, meaning that if the company performs well, you can receive good returns on your investment.
Yes. You are investing in new, high-risk companies and as well as being able to make money, you can also lose it.
No. As an investor, you only have to pay for the investment.
Yes. We analyze every project and only prepare for investment those which show a high standard of quality, with a Goldsmith Score > 70%. This evaluation is useful as a way to filter projects, but in no circumstances does it eliminate the risks associated with startup investments.
Yes, in its entirety.
Our platform has the authorization of the National Stock Market Commission and the Bank of Spain to channel both equity investments and loans. Each project offers an investment model which best suits its nature and circumstances. Typically, it will be one of the following: capital increase, fixed rate loan, shareholder loan and convertible loan.
Yes. You can do it through the Platform.
Yes. You can obtain significant tax advantages by investing.
You will find more details in the Getting an Investment section.
Yes. You can register as an entrepreneur for free here.
You must follow the steps indicated in the "Upload project" tab in the "My projects" section, once you start the session. Within 48 hours of receiving your project, we will contact you to help you with the next steps.
We use the Goldsmith Score ® to measure the strength and progress of projects, requiring a Score> 70% before putting the business forward for investment. We provide you with self-assessment tools and a digital space that you can share with your team so you can prepare your investment project. We can also provide advice if you need it.
You will find all the information in the "Plans and Prices" section of the "Get an investment" tab.
Accredited and non-accredited investors from all over the world can invest.
According to the Law, you must reach at least 90% of the requested amount so that the investment can be closed. Otherwise, the amounts collected will be refunded to the investors.
It is not obligatory, but depending on the nature of the project and the investment amount, it may be required by some investors. The entrepreneur is responsible for the cost. We have links with lawyers who can carry out due diligence at a very reasonable price and within a very short time frame.
According to Law 5/2015, of April 27, 2015, the maximum amount of funds raised per crowdfunding project through each of the crowdfunding platforms cannot exceed 2,000,000 euros, and it is possible to carry out successive rounds of financing which do not exceed this amount in one year. When the projects are given exclusively to accredited investors, the maximum advance amount may be up to 5,000,000 euros.
The promoter must be legally established in Spain or another member state of the European Union.