Crowdfunding in France has grown significantly since 2015, reaching €9 billion in 2023. However, rising interest rates and an uncertain economy are causing declines in real estate crowdfunding, with funds collected for land projects down 28%. In contrast, renewable energy projects are thriving, attracting investors with a stable, lower-risk profile and values-driven appeal.
Having arrived in its digital form in the 2000s, crowdfunding quickly attracted many individual investors. However, in 2023 and for the first time in the history of crowdfunding, the amounts raised were down in France. Should we therefore say that the model no longer attracts crowds?
It must be said that, since 2015, the increase in the amounts invested in crowdfunding in France has been particularly significant. From 2015 to 2023, the annual collection figures have increased twelvefold to reach 9 billion, all transactional models combined (donation, loan, investment).
While European figures are difficult to compile, a study conducted by UiA School of Business Law in Agder, Norway , estimates the amounts invested through crowdfunding in 2022 at 19 billion euros. A volume up 17% over one year. The figures for 2023 are, however, not available
Nevertheless, experts anticipate a decline in collection levels within the old continent. The cause: an uncertain macroeconomic context against a backdrop of inflation and rising rates.
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