Ecomill Authorized to Operate Under the New EU Crowdfunding Regulation

Ecomill also joins the list of crowdfunding platforms authorized to operate on the basis of European Regulation 1503/2020. The authorization was communicated by Consob last Friday 19 April.

Ecomill, founded by Chiara Candelise in 2014, is a crowdinvesting platform dedicated since its inception to the energy transition and sustainability.

Crowdinvesting for the energy transition and sustainability

The objective is to allow issuing companies to raise the capital necessary to finance projects and entrepreneurial initiatives in relation to the generation of energy from renewable sources, energy efficiency and energy communities, mobility and sustainable construction, the economy circular and urban regeneration.

In this way, the platform Ecomill is able to involve a vast audience of investors, retail or professional, allowing them to diversify their investments into alternative asset classes with a positive environmental and social impact.

The Ecomill team is made up of experts in the energy, finance and communication sectors, capable of carrying out due diligence in accordance with the standards of international financial institutions and presenting the selected initiatives according to communication best practices.

In 2022, the company had closed a 200 thousand euro round subscribed by the Giordano Dell’Amore Social Venture Foundation (FSVGDA), the strategic and operational arm of the Cariplo Foundation in the field of impact investing and, at the time of the suspension of pending activities of the authorization, had raised almost 7 million euros by financing 17 projects.

The authorization process of Ecomill

The AVVOCATI.NET fintech team directed by Lawyer Lerro was involved in the authorization process , with the participation of Lawyers Lia Ruozi Berretta and Giangiacomo Gallo for platform processes, compliance, security profiles and risk management, Giulio De Bruno for corporate and Giovanni Luca Andriolo for processes.

“We are proud to have successfully concluded the authorization process – states the lawyer Alessandro M. Lerro , Managing Partner of AVVOCATI.NET who sponsored the procedure before Consob and the Bank of Italy – guaranteeing its continuity from the regime national to the European regime. With the new European configuration, the portals have become financial intermediaries in all respects, structurally very far from the crowdfunding donation and reward portals, with a security and compliance approach that is highly protective for investors.”

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(Featured image by  dimitrisvetsikas via Pixabay)

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