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UpsideTown and ClubDeal Spa Latest Portals to Obtain EU Authorization

The equity crowdfunding portal UpsideTown, which proposes projects in the real estate and green energy sectors, obtains authorization under the new European regulation. The ClubDealOnline platform specializing in crowdfunding reserved for Family Offices, HNWIs, business angels and private banks has also obtained EU authorization.




UpsideTown obtained, on January 17th, the authorization to operate as a crowdinvesting service provider pursuant to the new EU Regulation 2020/1503. UpsideTown is an equity crowdfunding platform that combines the offer of investment opportunities in the real estate and green energy sectors. Created from the initiative of Luigi Ucci, Head of the Evaluation and Advisory division PRAXI Rome, and a team of professionals with long-term expertise.

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UpsideTown is owned by PRAXI SpA, an international consultancy company with offices in Italy and abroad, which holds 50% of the capital, equal to 300,000 euros

The platform offers an innovative business model, in which, to guarantee the accuracy of analysis, human intervention is combined with the digital process, based on big data analysis and artificial intelligence and, to date, has successfully closed a campaign raising 598,000 euros.

In a logic of product innovation and portfolio diversification, the investment targets range between various risk profiles and asset classes, with constant attention to sustainability and social responsibility issues: from residential to the hotel sector, from student residences to senior housing , with a particular focus on the green energy segment.

“ Obtaining the new authorization is a great result that required the commitment of the entire team – commented Luigi Ucci , CEO & Founder of UpsideTown – We are ready to propose new initiatives on the portal, strengthened by new partnerships and having the first exit of two real estate projects in Rome was also achieved at the end of 2023, which achieved the set yield target of 14.67% early. We will soon be online with new opportunities, in the wake of constant attention to the quality of the proposals, portfolio diversification and sustainability.”

ClubDeal Spa also obtains authorization to operate according to the new EU regulation on crowdfunding

ClubDeal Spa, a platform specialized in Private Crowdfunding, announced that it has received, on January 17th, the authorization to operate as a provider of crowdfunding services as defined by the new EU Regulation. The goal was achieved thanks to the skills of ClubDeal Spa’s internal team, without the use of external legal support.

Founded in October 2016, ClubDeal Spa has been authorized by Consob since 2017 to operate on the Italian market via the platform.

The portal is mainly aimed at Family Offices, HNWIs, business angels and private banks, involving them in the capital increases of a carefully selected group of innovative ScaleUps and Italian SMEs. Companies proposed to date include D-Orbit, Wearable Robotics, Frankly Bubble Tea and Kampos.

ClubDealOnline is part of ClubDeal Digital which contains the services of the platform and ClubDealFiduciaria in a single hub, the first 100% online fiduciary authorized by the MISE which offers the opportunity to open a fiduciary mandate completely remotely.

Obtaining this authorization represents a fundamental step in facilitating access and management of alternative investments through advanced technological solutions.

“ The authorization obtained from Consob, a milestone achieved thanks to the commitment and expertise of our internal team, is testimony to the profound knowledge and passion for the sector of alternative investments and digital platforms ,” states Antonio Chiarello Founder & CEO of ClubDeal Spa. “ We are proud of this result, which underlines the effectiveness of our approach and strengthens our position in the Private Crowdfunding market .”


(Featured image by dimitrisvetsikas1969 via Pixabay)

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J. Frank Sigerson is a business and financial journalist primarily covering crypto, cannabis, crowdfunding, technology, and marketing. He also writes about the movers and shakers in the stock market, especially in biotech, healthcare, mining, and blockchain. In the past, he has shared his thoughts on IT and design, social media, pop culture, food and wine, TV, film, and music. His works have been published in,, Seeking Alpha, Mogul, Small Cap Network, CNN,, among others.