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German crowd-investing platforms: Literature review and survey

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  • David Grundy
  • Carolina Ohmer

Abstract

This article presents a comprehensive overview of the current German crowd-investing market drawing on a data-set of 31 crowd-investing platforms including the analysis of 265 completed projects. While crowd-investing market still only represents a niche in the German venture capital market, there is potential for an increase in both market volume and in average project investment. The market share is distributed among a few crowd-investing platforms with high entry barriers for new platforms although platforms that specialise in certain sectors have managed to successfully enter the market. German crowd-investing platforms are found to promote mainly internet-based enterprises (36%) followed by projects in real estate (24%) and green projects (19%), with the median money raised 100,000 euro.

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  • David Grundy & Carolina Ohmer, 2016. "German crowd-investing platforms: Literature review and survey," Cogent Business & Management, Taylor & Francis Journals, vol. 3(1), pages 1138849-113, December.
    • Handle: RePEc:taf:oabmxx:v:3:y:2016:i:1:p:1138849
    DOI: 10.1080/23311975.2016.1138849
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    Cited by:

    1. Kazem Mochkabadi & Christine K. Volkmann, 2020. "Equity crowdfunding: a systematic review of the literature," Small Business Economics, Springer, vol. 54(1), pages 75-118, January.
    2. Ferrer, José María & Ulrich, Klaus & Blanco-González-Tejero, Cristina & Caño-Marín, Enrique, 2023. "Investors’ confidence in the crowdlending platform and the impact of Covid-19," Journal of Business Research, Elsevier, vol. 155(PA).

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