Recrowd Surpasses €200M Raised and Returns Over €100M Since Launch

Recrowd, a leading platform in Italy for real estate lending crowdfunding, has reached the milestone of over €100 million returned since its launch in 2019, with an average return rate of 10.4 %.

Even from the point of view of collection, the platform marks a record level from its launch to today, exceeding the €200 million mark.

Data that consolidates Recrowd’s primacy on the market also thanks to the 261 projects financed since the start of the project and the 156 initiatives returned since 2019, of which over 26% ahead of schedule.

“In just a few years since the launch of the platform, we have managed to achieve leadership in the real estate lending crowdfunding market in Italy by developing a transparent, reliable and solid solution to offer concrete, profitable and affordable investment opportunities. A commitment recognized by proponents and investors, who continue to choose us precisely for our approach,” comments Gianluca De Simone, CEO and co-founder of Recrowd.

Furthermore, Recrowd has recently obtained the ISO 9001 certification , an internationally recognized reference standard for Quality Management, confirming the solid and transparent model developed and consolidated over time.

Recrowd was founded in 2018 by Gianluca De Simone, CEO, Simone Putignano, CFO and Massimo Traversi, CPO, and, launched in 2019, has a community of over 155 thousand users, constantly growing.

Who is Recrowd?

Recrowd was founded in March 2019 by experts in the financial, real estate and technology sectors: Gianluca de Simone (CEO), Simone Putignano (CFO), Massimo Traversi (COO).

It entered the Speed ​​MI Up incubator at Bocconi University in Milan in February 2019. In August of the same year, Recrowd on the Opstart platform raised 418.88 thousand euros against a minimum target of 50 thousand euros , based on a pre-money valuation of 3 million euros.

In 2021, the Esperia Investor holding company chose to invest in Recrowd. According to BeBeez and CrowdfundingBuzz , 43% of the capital was sold by an early investor in the platform. The operation was then followed by a capital increase.

With this operation, Esperia Investor had expanded its portfolio of investments by adding Recrowd to Monety (credit brokerage company of the Gabetti group), G RENT ( Gabetti Short Rent , a company listed on the AIM of Milan, which operates in the luxury hospitality market at an international level) and Brera contract (leader in contract services in the real estate segment).

At the end of November 2023, Recrowd was one of the first Italian platforms to obtain Consob authorization to operate under the European crowdfunding regulation.

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(Featured image by Ibrahim Boran via Unsplash)

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