More and more often crowdfunding is used as a way to get more money in Europe. No idea is too crazy for crowdfunding in Europe. It can be used for charities, for investing, for financing companies, and for personal loans. All the possibilities are fantastic but it does mean you need to know which crowdfunding platform suits your needs best.
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How do you know where to look?
Your first thought might be to Google this. However, if you type in “crowdfunding Europe” or “crowdfunding charity” you will get 17.200.000 and 23.100.000 hits respectively at this moment in time. On the one hand it’s fantastic that you get so many results on your search, on the other hand this means you still don’t know where to look for answers.
That’s why we want to give you a little hand. We’re not going to give you a crowdfunding top 10, this will only show you which crowdfunding platforms are the biggest financially. But we will give you a list which shows you what the place to be is.
1. Raising money for charity, someone else, or yourself
Whydonate is a platform that is especially designed for raising money. Here you can donate money or start a crowdfunding for a charity yourself. It also supports private fundraising projects. If you’re a registered company crowdfunding on Whydonate they will check if you are registered with ANBI and if you have a CBF quality label. Whydonate also facilitates for companies and organisations who want to set up their own crowdfunding fundraising platform.
In March 2011, FundedByMe was founded in Stockholm, Sweden, and is one of the world’s first crowdfunding platforms to provide both reward-based and equity crowdfunding. In order to promote cross-border investments that support both entrepreneurs and investors in order to help job creation and economic development, the platform has a major focus on European entrepreneurs.
This platform gives out loans of €5.000 to €250.000 to entrepreneurs. This is a good platform to invest if you have a project you’re confident about. The best part is registration is free and financial return can get as high as 18.9% a year. You can start investing with as little as €100.
Crowdcube is the largest equity crowdfunding platform in Britain and the first in the world, aimed solely at investors who are sufficiently savvy to consider these risks and make their own investment choices. Via Crowdcube, over £ 26 million has been successfully invested so far. Crowdcube launched the ‘Crowdcube Venture Fund’ in February 2014, which enables investors to crowdfund start-ups with the extra reassurance that an independent skilled fund manager invests, manages and tracks their capital.
Launched in 2010, the company of Darren and Lang led the pack for equity-based crowdfunding.
Goteo is a crowdfunding or collective financing platform (monetary contributions) and distributed collaboration (services, infrastructures, micro tasks) for projects that, in addition to giving individual rewards, also generate performance through promoting common goods, open source and / or knowledge free. As a member of the network, you can have one or more roles: present a project, be a co-founder or collaborate in one.
Booomerang.dk is the first and largest reward-based crowdfunding platform in Denmark, where entrepreneurs, musicians, groups and other artists can raise money from new and old networks through financial support. Booomerang began 4 years ago. Establishing an office in Berlin, Germany, by the end of 2014 and expanding at a fast speed. The latest twist that separates Booomerang from other sites is collaboration by crowdfunding. In Denmark, when legislation is in place that will turn booomerang into a legitimate hydrid crowdfunding site, equity and lending platforms are in the works.
A pioneering crowdfunding platform, Ulule allows creative, innovative and community-minded projects to test their idea, build a community and grow it. Our goal: to empower creators and entrepreneurs, in general. How does it work? It’s simple: individuals, associations, and companies create your project, detailing its financial goal, duration, and non-financial rewards offered in exchange for support. If they reach their goal, they receive the funds collected and give their rewards to those who supported. If not, those who supported receive a refund without any fee. Ulule takes a commission from funds transferred.
With many renowned business angels, corporate finance professionals, and venture capital firms in its network, Companisto is among the leading equity-based crowdfunding platforms in Europe. The platform allows many globally available payment methods to be offered, such as credit card payment, instant money transfer, and bank transfer (advance payment), so that investors can be global. Investors can invest upwards of € 5 in innovative start-ups. The platform has successfully funded 30 startups and has so far invested almost € 6 million.
Seedrs is an international crowdfunding platform and helps entrepreneurs to sell shares of their company. This is a great way for medium to large companies to increase their capital. You can invest from as little as €10 onwards.
All companies are committed to transparency and state which donations are needed and used. They report on the progress of the project by photo and video. We offer companies more reach through marketing campaigns, partner portals or additional donations from our business partners. Donors can also set up permanent donations.