In a recent email, EuroCrowd announced it was adopting a new operational structure for the group.
EuroCrowd is the leading voice in Europe supporting the securities crowdfunding sector. Several years ago, the ECSPR, or European Crowdfunding Service Providers regulation, was adopted by the EU. This streamlined the online capital formation process as platforms were finally able to raise funding from across all member states. Issuers may currently raise up to €5 million.
The email, signed by Oliver Gajda, longtime Executive Director of EuroCrowd, said the new structure will enable members to take on more responsibility in shaping policy and industry impact. The structure is said to be more sustainable and member-driven.
The group is also separating its policy work from other activities.
EuroCrowd explains that the European Commission’s recent decision to restrict EU funding for advocacy and lobbying may create an element of risk of depending on project-based funding for policy engagement.
“With our new approach, we are strengthening our role as the leading voice for professional crowdfunding in Europe—leveraging our expertise, network, and strategic partnerships to drive growth, scale, and new opportunities for our members.”
EuroCrowd added that its CrowdTuesday event brand will be expanding sharing more industry information.
The EuroCrowd website has been updated with more changes in the queue.
The securities crowdfunding sector in the EU has struggled in recent years, similar to traditional venture capital markets. In the past, insiders have mentioned potential changes to the current rules to help boost online capital formation, including raising the funding limit.