Spanish Crowdfunding Market Reaches Record €761.6M in 2025, Driven by Real Estate and Crowdlending Growth

In an economic climate where obtaining traditional financing is relatively difficult, crowdfunding has emerged as a powerful alternative for raising funds. In Spain, this ecosystem experienced explosive growth in 2025, reaching a record €761.6 million raised, according to the Annual Report prepared by Universo Crowdfunding.

This figure represents a 45.8% increase compared to the €522.5 million recorded in 2024. In this respect, Spain leads the European countries studied in the report, with enormous and consistent growth over the last few years.

Spanish crowdfunding market reaches record €761.6M in 2025, led by real estate expansion and rising crowdlending activity despite declines in donations and rewards sectors

Crowdfunding is currently experiencing global expansion. According to reports from several specialized consulting firms, crowdfunding market is projected to reach between $ 20 billion and $28.5 billion in the most optimistic scenarios. This growth is largely driven by the strong performance of major companies and platforms, such as Kickstarter and GoFundMe, which have recorded their best year yet in 2025.

According to the industry’s standard classification, the crowdfunding market is organized into five main types: donations (contributions without direct financial compensation, primarily intended for NGOs, foundations, and social and cultural causes); rewards (pre-sales or patronage in exchange for a product, experience, or recognition, common in cultural and creative projects and product launches); investment crowdfunding (investment in the equity of unlisted companies, aimed at startups, scale-ups, and qualified and retail investors);

Crowdlending (loans to companies with repayment and interest, geared towards SMEs and companies with liquidity needs); and real estate crowdfunding (collective investment in real estate assets in exchange for interest, ownership, or some type of consideration in the form of use or monetary compensation). A distinguishing feature of the Spanish crowdfunding market is that all these types are relatively strong, although with clear differences in their relevance, making the situation in Spain particularly positive in this regard.

The Spanish crowfunding is valued at market €761.6 million

The Spanish crowdfunding market has been valued at €761.6 million, clearly divided by sector. Real estate crowdfunding dominates with 74.3% of the total (€566.2 million), growing by more than 50% compared to last year. Platforms such as Urbanitae (over €280 million), Civislend (€133.4 million), and Wecity (€101 million) lead the segment, attracting investors seeking alternatives to traditional banking products to buy or build homes.

Crowdlending also stands out positively, having expanded by nearly 400% compared to last year, reaching €75.9 million. This participatory financing model works similarly to a bank, although many people contribute smaller amounts of money in exchange for interest. In Spain, at least until 2025, it has been closely linked to renewable energy projects.

Conversely, donations fell by 35.4% (44.1 million) due to normalization after the peak of the DANA storm in Valencia in 2024, and rewards declined by 14.3% (23.2 million) due to the low profitability of some particular projects.

One of the most significant developments this year is the rise of crowdfactoring, which, although not included in the report for the sake of historical consistency, mobilized €319 million. This method allows SMEs to receive early payment on invoices by assigning rights to multiple investors in exchange for a known return and short repayment terms. SEGO Factoring, Circulantis, and MytripleA lead this segment, which addresses the liquidity needs in a country with still-long payment terms.

The sector’s economic impact is also significant in terms of employment. It is estimated to have generated 15,234 jobs in 2025 , a 45% increase over the previous year, primarily through real estate projects. The platforms themselves directly employ more than 500 people.

The regulatory framework has been a key contributor to this maturity. The European ECSP Regulation, overseen in Spain by the CNMV, establishes high standards of transparency and investor protection, as well as facilitating international expansion through the European passport, allowing different European companies dedicated to this type of financing to operate freely within the territory.

Looking ahead to 2026, the outlook for the Spanish crowdfunding market is favorable due to the consolidation of real estate leadership, the increased importance of the energy transition and technological entrepreneurship, as well as the expansion of crowdfactoring and greater internationalization of Spanish platforms.

The integration of technologies such as blockchain and AI in the Spanish crowdfunding market appears poised to further facilitate this expansion. Ultimately, 2025 marked a turning point, as crowdfunding in Spain has moved beyond being a promising alternative to become a key component of the financing ecosystem.

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(Featured image by Sandy Millar via Unsplash)

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

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