Stockcrowd prepares a round to jump abroad in 2019

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The company, which specializes in alternative financing, expects to exceed 7 million euros in real estate projects at the end of this year

Stockcrowd is preparing to make the leap to the international market. The crowdfunding proptech works in the articulation of a round of financing for its international expansion and plans to start operating in three European countries in 2019, with special interest in England, France, Germany, Austria, Portugal, Italy, Belgium or Holland.

"We want to develop our model with the help of a local partner that implements the business in the territory," says Sergi Pallarès, Co-Founder and CEO of Stockcrowd. For this, the company plans to open an office in each country with its own staff. Currently, he has an office in Madrid and another in Barcelona, ​​and has a team of 21 people. His intention is to close the round at the beginning of 2020.

At the same time, the company intends to "continue to grow in Spain and make financing available to all companies,"explains Pallarès. For this, the company expects to bill one million euros in 2019 and channel investments between seven million and eight million euros for the real estate sector.

Stockcrowd raised 315,000 euros in the past year and, so far in 2019, has managed to attract investments worth 2.7 million euros in seven projects through the investment of 7,000 users. Among its clients are Atomium, London Capital, Brickbro, Forcadell or Compropiso, among others.

Stockcrowd is a participatory financing platform authorized by the National Securities Market Commission (CNMV). The company has developed the first software in the cloud (Saas) that allows to raise funds from the website of the project's promoter, either for charity purposes or for investments. During its more than three years of life, the company has exceeded 36 million euros of revenue among all its projects.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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