According to Enea data on the 110% Superbonus, as of June 30th, 2022, 199,124 interventions were underway, amounting to about 35.2 billion investments. The region with the most work started is Lombardy, followed by Veneto and Lazio.
Often, however, construction companies find it difficult to obtain financing from traditional channels and, therefore, decide not to enter the 110% bonus market, leaving the opportunity to the few realities that can afford it.
Read more about Crowdbridge and find the most important business headlines of the day with the Born2Invest mobile app.
Crowdbridge, the solution proposed by Opstart
In this context, Opstart, one of the three main players in the Italian crowdinvesting market, thanks to the Crowdlender portal, has launched a service called Crowdbridge® that, through lending crowdfunding, supports construction companies in raising the capital needed to carry out renovation work with the 110% bonus.
The platform has already closed its first such campaign, raising €1.3 million, finalized in six tranches. This was the campaign of Stema Costruzioni Generali, which, thanks to an agreement signed by Eni Gas and Light, Opstart, and Harley&Dikkinson, provided for lending crowdfunding on Crowdlender to start energy efficiency interventions in buildings as part of Eni gas and light’s “CappottoMio” initiative, with the possibility, in particular, of assigning the tax credits resulting from the interventions to Eni Gas and Light itself.
“With the transactions on Crowdlender we are providing, for all intents and purposes, a bridge in anticipation of a certain financial event, namely the assignment of the tax credits, by the construction company, to an institutional partner. Whether it is a bank or another institutional entity, with this agreement we ensure that the company then has the capital to repay the interest, in addition to the capital raised in crowdfunding,” Giovanpaolo Arioldi, CEO of Opstart, said
Anna Raschi, general manager of the company, adds, “The goal is to have more construction companies in the market so that many more people can take advantage of the 110 percent bonus. Not to mention that the companies, which do crowdfunding through our portal, are all subjected to a creditworthiness analysis process, so we can assess their economic strength, both current and future.”
How Crowdbridge works
The company carrying out the renovation work raises, through crowdfunding, the capital needed to carry out the work.
In a second step, the construction company takes over the tax credits of the condominium under renovation and then sells them to a third-party institutional partner, with whom there is an irrevocable credit assignment agreement from the beginning of the operation. With this step done, the company can then repay the capital raised in crowdfunding, plus interest.
Who is Opstart
Opstart, a company founded in 2015, has carried out about 180 crowdfunding campaigns over the years, with over €70 million in capital raised (€10 million in the first 8 months of 2022). The company currently has 16 resources, including collaborators and employees.
In 2021, Opstart launched Crowdlender with the goal of providing liquidity to companies that need to raise cash in advance of a certain, future financial event, such as, for example, the advance of capital won through a tender.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Why the Amounts Invested in Belgian Fintech Companies Decreased
In 2023, the Belgian fintech sector has not witnessed any major fundraising events similar to those in previous years, such...
Bitcoin Soars 130% This Year: Will It Reach New All-Time Highs in 2024?
Bitcoin is currently trading within an ascending channel, maintaining support at $35,000, with an upward trajectory towards the psychological resistance...
ALA Diagnostics Opens a New Laboratory in Madrid After Joining BeAble Capital
ALA Diagnostics secured €1.1 million in a financing round in June, supporting its activities in the general laboratory, including Elisa...
Germany Has Finally Legalized Cannabis
Cannabis prohibition in Germany will end on March 1st, and the cultivation ban will follow later. Meanwhile, a field trial...
How Much Do We Know About Sustainability: The ESG Culture LAB Report
From the results that emerge from the Eikon Italia survey, although citizens have only a partial vision of sustainability, more...
Crowdfunding1 week ago
Yeldo Crowd Raises €2.5 Million for Affordable Housing Project in Monza
Cannabis2 days ago
Cannabis Legalization in Ukraine Delayed by Opposition Party
Crypto2 weeks ago
How Bitcoin Price Rally Boosts the Entire Crypto Industry
Impact Investing1 week ago
The Market for Smart Cities Is Worth €800 Million and Growing