Edileco Launched a 1.2 Million Euro Lending Crowdfunding Campaign

Through its affiliate Edileco Piemonte, Edileco launches its third lending crowdfunding campaign on Crowdlender, the peer2peer lending platform of the Italian fintech hub Opstart.

The campaign aims to raise 1.2 million euros to invest in the renovation of the Condominio Italia, a complex of 53 apartments in the historic center of Biella which will be upgraded to class A.

It is a historic building for which Edileco Piemonte has already completed the energy requalification, plant engineering and structural reinforcement interventions.

The works, which started in April 2024 and are to be completed by February 2025, also include the installation of a condominium photovoltaic system and the elimination of the connection to methane gas: the production of heat, both for heating and for domestic hot water , will be managed via heat pumps.

In recent years, Edileco has consolidated its relationship with Opstart through three campaigns

“We have chosen to rely again on Opstart’s lending crowdfunding because it represents an extremely fast and effective complementary financing tool for obtaining liquidity and presenting itself in a direct and transparent way to investors. In our sector it is a great opportunity to be able to talk about our reality and our peculiarities, to make the most of our way of doing business which has the aim of generating environmental, economic and social value,” explained Davide Trapani, President of Edileco.

In recent years, Edileco has consolidated its relationship with Opstart through three campaigns, for a total collection of 2.6 million euros. In 2022 the company raised 1 million euros through the placement of minibonds on Crowdbond (Opstart’s Debt Crowdfunding portal) open only to institutional investors.

Between 2023 and 2024, it carried out two crowdfunding lending campaigns on Crowdlender, of 800 thousand euros each, for which it is returning the capital raised regularly and without delays: the first for the redevelopment project in the Valle d’Aosta area where the old Hotel Rayon de Soleil stood , the second to finance the modernization of the Valle Oropa condominium in Biella.

In recent years, Edileco has recorded significant growth: in particular, turnover increased fivefold between 2020 and 2023, going from 6 to 35 million euros, with a team of 150 people.

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(Featured image by efortlessly via Pixabay)

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First published in ENERGIA & MERCATO. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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