Equity crowdfunding strikes over 24 mln euro in fundraising in Q1 2020 in Italy. But March performance was almost all due to one campaign

Italian equity crowdfunding stroke a boom in fundraising in the first quarter of 2020, which closed with 24.07 million euros in funding, after 65 millions in the whole 2019 (see here a previous article by BeBeez) and despite the coronavirus. The sector data were released yesterday by CrowdfundingBuzz, an online magazine dedicated to crowdfunding published by Edibeez, as well as BeBeez. There were 34 companies financed, only 3 less than the record of the last quarter, for an average of 711k euros in average funding, much higher than that of last year (469k euros). There were more than 3,500 equity crowdfunding investors, or 105 on average per campaign, with an average investment almost double that of 2019: 6,700 versus 3,600 euros.