Whilst waiting for the regulatory approval, Invesdor, an equity-based crowdfunding platform based in Helsinki, Finland and Oneplanetcrowd, a sustainable crowdfunding platform based in Amsterdam announced a merge.
As a leading investor in Oneplanetcrowd, the venture capital firm Unknown Group, welcomed the merger, “Both Oneplanetcrowd and Invesdor share the ambition to bring together impact entrepreneurs and investors from across the European Union,” a press release states.
The merger signs a phase of consolidation in the market as a consequence of the new ESCP regulation in the European Union. Indeed, Oneplanetcrowd was the third platform to receive the licence under the new EU-wide crowdfunding rules, following Crowdcube and Seedrs, which is now part of Republic.
Meanwhile, not all the countries in the European Union are making the most of the new regulatory settings. For instance, Italy is lagging behind whilst the industry currently counts 49 equity portals and the market is contracting, as emerged from a recent study from Politecnico of Milan.