La Bolsa Social
La Bolsa Social is a Madrid-based, CNMV-authorized equity crowdfunding and sustainable lending platform connecting impact investors with social and environmental enterprises across Spain and the EU.
- Company typePrivate
- Founded2014
- HeadquartersMadrid, Spain
- Headcount1–10
- GTM typeB2C
- OfferingServices
What La Bolsa Social does
La Bolsa Social is a Madrid-based, CNMV-authorized equity crowdfunding platform that connects individual and institutional impact investors with social and environmental enterprises seeking patient capital. Founded in 2014 by José Moncada as Spain's first CNMV-authorized participatory financing platform, the company has built a community of more than 12,800 impact investors and financed over 53 companies, channeling approximately €15.3 million into impact enterprises across sectors including sustainable fashion, healthcare, biotech, circular economy, and social inclusion. The platform operates two core products: equity crowdfunding for impact startups (minimum €1,000) and sustainable loans to vetted impact companies (minimum €50), with a publicly disclosed 0% default rate on the loan book and a weighted average return of 6.3% as of 2024. Complementary channels include Club Impact Angels for high-net-worth co-investment at €100,000 minimum tickets and Fondo Bolsa Social, a €25 million institutional impact fund managed by Afi.
The business model is transaction-based: a 1.5% commission on each investment transaction plus a 10% performance fee on investor profits (raised from 7.5% in May 2023). Regulatory authorization under EU Regulation 2020/1503, obtained in October 2022, enables operation across all 27 EU member states without additional national licenses, though the platform's commercial footprint has historically been concentrated in Spain. In December 2023, Bolsa Social closed a €700,000 funding round led by 3xP Global with participation from Triodos Ventures to support expansion into Portugal and develop new investment channels. In January 2026, the company was acquired by Goparity, a Lisbon-based Portuguese impact lending platform, consolidating Iberian impact investment infrastructure under a combined entity serving over 72,000 investors with approximately €70 million in cumulative investments. Technology is centered on a web-based crowdfunding platform with Mangopay payment processing integration; the company does not disclose proprietary AI/ML capabilities.
La Bolsa Social firmographics
Firmographics- Name
- La Bolsa Social
- Legal name
- Bolsa Social
- Website
- https://bolsasocial.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- La Bolsa Social is a Madrid-based, CNMV-authorized equity crowdfunding and sustainable lending platform connecting impact investors with social and environmental enterprises across Spain and the EU.
- Ownership category
- akta.pro rank
La Bolsa Social industry classification
Industry- Product category
- Impact Investment Platform
- NAICS
- Investment Banking and Securities Intermediation (523150), Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Loan Brokers (6163)
- akta.pro primary industry
- Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure) (FSAAALAG)
- akta.pro secondary industries
- P2P Loan Syndication & Participation Platforms (FSAKAHAL), SDG / Thematic Sustainable Investment Funds (FSANAJAN)
Keywords
Where La Bolsa Social is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices1 record
Markets served
La Bolsa Social business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Transaction/Platform Fees: Commission charged on investor contributions. 1.5% fee on each project investment made through the platform. This applies to both equity and loan investments.
- Performance/Success Fees: 10% carry on profits obtained by investors (increased from 7.5% in May 2023). Applied to successful exits and positive returns on investments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Equity investment minimum ticket |
| Transaction based/ take rate | Pay-as-you-go | Sustainable loan investment minimum ticket |
| Outcome Based/ Performance | Pay-as-you-go | Performance fee on investment returns |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
La Bolsa Social product offering
Product offeringCore offering
La Bolsa Social operates a CNMV-authorized online platform that connects impact investors with social and environmental enterprises in Spain and across the EU. The platform offers two core products: equity crowdfunding in early-stage impact startups (minimum €1,000 investment) and sustainable loans to established impact companies (minimum €50 investment). The company earns a 1.5% commission on each investment and a 10% performance fee on investor returns.
Product overview
La Bolsa Social operates as a unified platform combining two core investment products: equity crowdfunding for impact startups (with minimum €1,000 investment through the main platform or Club Impact Angels for larger tickets) and sustainable loans to established impact companies (starting from €50). The company also manages Fondo Bolsa Social, a separate €25 million institutional impact fund. All offerings are connected through a shared community of 12,800+ impact investors and coordinated analysis by the Impact Network. The platform is authorized by CNMV and registered with ESMA, enabling operations across all 27 EU countries.
Differentiator
Problem solved
Functional benefit
Products and services
- Sustainable Loans (Préstamos Sostenibles) Fixed-return lending product allowing investors to loan money to vetted sustainable companies. Offers weighted average returns of 6.3% with 0% default rate as of March 2025. Minimum investment of €50 with 1.5% commission per project. Targeted at retail impact investors seeking fixed-income exposure to social and environmental enterprises.
- Startup Equity Investment (Inversión en Capital) Equity crowdfunding for impact startups in early stages with high growth and impact potential. Minimum investment of €1,000 with 1.5% commission per project. Includes access to Impact Angels Club for larger tickets. Provides full investment lifecycle management including due diligence access, voting rights syndication via SPV structures, and post-investment reporting.
- Fondo Bolsa Social Impact investment fund created in partnership with Afi (Analistas Financieros Internacionales), targeting €25 million with initial close of €10 million. Directed at institutional investors with minimum tickets of €100,000, investing in seed and Series A impact companies.
- Club Impact Angels Spain's first private impact investment club enabling business angels to co-invest in screened impact startups with €100,000 tickets. Provides mentorship and strategic support to portfolio companies alongside the Bolsa Social platform. Targeted at high-net-worth investors seeking larger investment tickets.
Quantifiable outcome
- 0% default rate on sustainable loans as of March 2025
- +5 more outcomes
Companies that use La Bolsa Social
Customer profileNamed customers16 records
Segments3 records
Ideal customer profiles3 records
La Bolsa Social technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
La Bolsa Social partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered flagship, core, major and minor.
- GoparityflagshipGoparity, a Lisbon-based Portuguese fintech platform for social impact investing, acquired Bolsa Social in January 2026. The acquisition creates a combined investor community exceeding 72,000 people and nearly €70 million invested across both platforms. Bolsa Social brings equity crowdfunding capabilities to Goparity's lending-based offerings. Integration planned by April 2026.
- MangopaycorePayment processing infrastructure provider authorized by the Bank of Spain. Mangopay handles payment collection, investment processing, and fund disbursement for the Bolsa Social platform.
- CNMV (Comisión Nacional del Mercado de Valores)coreRegulatory authorization as Participatory Financing Service Provider under European Regulation (EU) 2020/1503. Bolsa Social was the first platform authorized in Spain (2015) and maintains ongoing regulatory supervision by CNMV and ESMA registration.
- Club Impact AngelsmajorNetwork of business angels and professionals focused on impact investing, founded and supported by Bolsa Social. Co-invests alongside platform investors in impact startups with €100,000 minimum tickets. Provides mentorship and strategic support to portfolio companies.
- Impact NetworkminorCommunity network of impact investors collaborating with Bolsa Social for deal flow and investor engagement.
- Analistas Financieros Internacionales (Afi)minorFund management company that co-created the Fundo Bolsa Social impact investment fund with Bolsa Social. Afi manages the fund targeting €25 million with first close at €10 million.
- ESMA (European Securities and Markets Authority)coreEuropean regulatory authority with which Bolsa Social is registered as a European Participatory Financing Service Provider under EU Regulation 2020/1503.
Scale indicators14 records
Recent moves7 records
Expansion highlights5 records
La Bolsa Social competitors and assessment
Company assessmentDirect peers
- Goparity: Lisbon-based impact investment platform focused on sustainable lending; now the parent of Bolsa Social following the January 2026 acquisition. Direct comparison: overlapping impact thesis, complementary product mix (Goparity lending, Bolsa Social equity), and shared Iberian retail investor base.
- WiSEED: French impact equity crowdfunding platform authorized under EU Regulation 2020/1503. Closely comparable to Bolsa Social in regulated impact crowdfunding, EU authorization, and offering retail investors access to vetted impact startups.
- 1001Pact: French impact-focused equity crowdfunding platform offering investment opportunities in social and environmental enterprises. Comparable to Bolsa Social on regulated impact investing, retail minimums, and EU-wide authorized crowdfunding.
- October (formerly Lendix): European P2P lending platform for SMEs operating across France, Spain, Italy, Germany, and the Netherlands. Comparable on regulated lending intermediation, SME focus, and EU-wide ambition; complements Bolsa Social's sustainable loan product.
Broad incumbents
- Crowdcube: UK-based equity crowdfunding incumbent operating across Europe. Comparable business model (regulated equity crowdfunding, transaction + carry fees, retail + institutional channels) but with a much broader sector mandate and significantly larger scale than Bolsa Social.
- Seedrs (Republic Europe): Major UK/EU equity crowdfunding platform, now part of Republic. Operates a similar regulated equity crowdfunding model with secondary market and nominee structure; broader sector focus than Bolsa Social's impact specialization.
- Younited Credit: European consumer and SME credit platform operating under EU credit intermediation regulation. Comparable on regulated lending at scale and EU footprint, though broader consumer credit focus vs. Bolsa Social's impact SME lending niche.
- Fundrise: US-based impact and alternative investment platform offering retail access to private investments. Comparable on the model of opening regulated private-market impact investing to retail, though focused on real estate and operates under US rather than EU regulation.
Regional players
- Eppela: Italian equity and reward-based crowdfunding platform with sustainability positioning. Comparable on regulated retail crowdfunding, but operates in Italy rather than Iberia and uses a different fee/structure model.
Emerging players
- Companio: Emerging European digital platform focused on impact-aligned small business financing. Comparable on the impact SME lending thesis, though at earlier stage and with narrower geographic footprint than Bolsa Social.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
La Bolsa Social social profiles
Digital presenceLa Bolsa Social compliance and trust
Trust signalCompliance2 records
La Bolsa Social financial estimates
Financial estimateRevenue estimate
Valuation estimate
La Bolsa Social leadership team
Management profileNumber of profiles
Profiles5 records
La Bolsa Social funding detail
Funding detailFunding overview
Funding rounds1 record
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
La Bolsa Social M&A and investment
M&A and investmentM&A
Investments10 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about La Bolsa Social
What does La Bolsa Social do?
La Bolsa Social operates a CNMV-authorized online platform that connects impact investors with social and environmental enterprises in Spain and across the EU. The platform offers two core products: equity crowdfunding in early-stage impact startups (minimum €1,000 investment) and sustainable loans to established impact companies (minimum €50 investment). The company earns a 1.5% commission on each investment and a 10% performance fee on investor returns.
Is La Bolsa Social a public or private company?
La Bolsa Social is a private company. It is classified as corporate owned and is currently acquired.
When was La Bolsa Social founded?
La Bolsa Social was founded in 2014. It employs 1 to 10 people.
Where is La Bolsa Social based?
La Bolsa Social is headquartered in Madrid, Spain, in the Europe region.
How does La Bolsa Social make money?
Two revenue lines are on record. Transaction/Platform Fees are the primary driver. The others are performance/Success Fees.
Who are La Bolsa Social's main competitors?
Direct peers on record are Goparity, WiSEED, 1001Pact and October (formerly Lendix). Broad incumbents are Crowdcube, Seedrs (Republic Europe), Younited Credit and Fundrise. Eppela is listed as a regional player. Companio is listed as an emerging player.
Does La Bolsa Social have an API?
No public API is recorded for La Bolsa Social.
What industry is La Bolsa Social in?
La Bolsa Social's product category is Impact Investment Platform. Its primary akta.pro industry code is FSAAALAG, Sustainable Private Markets (Impact PE/VC, Private Credit, Infrastructure), with a secondary code of FSAKAHAL, P2P Loan Syndication & Participation Platforms. Its NAICS code is 523150 and its SIC code is 6211.