European entrepreneurs can now raise funds across the continent under a common set of rules by using equity crowdfunding.

Indeed, the British platform Crowdcube received a licence to operate throughout the European Union by the Spanish regulator, the Comisión Nacional del Mercados de Valores (CNMV).

Crowdcube, which had operated in Spain as a subsidiary, is the first alternative finance player to make the most of the new set of rules introduced by the European Union in November 2021, the new European Crowdfunding Regulation.

The company commented in a blog post: “Before 2021, equity crowdfunding was fragmented across Europe, making it impossible for European businesses to raise capital across borders in multiple markets. Under the new EU regulations, any European business can now raise up to €5m from European investors, enabling them to turn their customers into shareholders and access new markets.

We’re proud to be part of the UK equity crowdfunding market, a global leader in connecting retail investors with the most exciting high-growth companies. But while Crowdcube was founded in Britain, we have always had European investor interest on our platform. That’s why we are delighted to announce that Crowdcube has become the first equity crowdfunding platform to be granted a European Crowdfunding Service Provider authorisation.”

Find out more here.