German crowd-investing platforms: Literature review and survey

David Grundy, Carolina Ohmer

    Research output: Contribution to journalArticlepeer-review

    6 Citations (Scopus)
    12 Downloads (Pure)


    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.
    Original languageEnglish
    Pages (from-to)1138849
    JournalCogent Business & Management
    Issue number1
    Publication statusPublished - 29 Jan 2016


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