Space Crowd

What Space Crowd does

SpaceCrowd ("Колективно финансиране" АД, EIK 207596836) is a Sofia-headquartered, privately-held joint-stock company that operates the first and only licensed equity-based crowdfunding platform in Bulgaria. The company received license No. 993-DUKF from the Bulgarian Financial Supervision Commission (KFN) on 3 November 2023 under EU Regulation 2020/1503, enabling it to match project creators with investors through facilitation of lending and/or placement of transferable securities. The platform is co-owned and operationally supported by the Bulgarian Stock Exchange (БФБ) and Central Depository, which provide organizational, technical, human, and financial resources, and is designed to complement the BEAM market of the Bulgarian Stock Exchange as a funding pathway from early-stage capital to public market listing.

The platform serves two primary customer segments: Bulgarian startups, SMEs, and joint-stock companies seeking equity-based capital (and, in the future, bond-based financing), and individual investors including business angels who access the platform exclusively through licensed investment intermediaries. Technical features include Central Depository integration for issuance and registration of dematerialized securities, investor categorization (experienced vs. non-experienced) with knowledge tests and simulation, cooling-off periods for retail investors, and the SpaceCrowd Academy, an educational simulation tool for prospective investors. Distribution is achieved through licensed investment intermediaries who perform KYC/AML, manage investor accounts, and execute investments.

SpaceCrowd's revenue model is transaction-based: the company charges fees to investors per a published Fee Schedule (Tariff for Fees), with additional third-party fees from banks and payment institutions, and separate commercial terms with project creators. As of the latest available data, the platform remains in pre-launch state with no active campaigns listed and no disclosed revenue or transaction volume. The company employs 1–10 staff, has not raised external funding, and operates exclusively within Bulgaria under domestic and EU regulatory frameworks.

Name

Space Crowd

Legal name

"Колективно финансиране" АД

Website

https://spacecrowd.bg

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

SpaceCrowd is Bulgaria's first licensed equity-based crowdfunding platform, co-owned by the Bulgarian Stock Exchange and Central Depository, connecting Bulgarian startups and SMEs with individual investors via licensed investment intermediaries under EU Regulation 2020/1503.

Ownership category

akta.pro rank

Headquarters

HQ city

Sofia

HQ country

Bulgaria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Transaction Fees on Investments: The company charges fees to investors for services provided according to the company's Fee Schedule (Tariff for Fees). Additional fees may be due to third parties such as banks and other payment institutions related to the execution of the investment. The company also charges fees to project creators under separate specific contracts.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

SpaceCrowd is Bulgaria's first licensed equity crowdfunding platform that connects startups, SMEs, and growing companies with investors and business angels to facilitate capital raising. The platform enables the meeting of project creators and investors through lending and/or placement of transferable securities (shares, and bonds planned), operating under EU Regulation 2020/1503 with authorization from the Bulgarian Financial Supervision Commission (FSC/KFN). It is complemented by the BEAM market of the Bulgarian Stock Exchange, providing an integrated pathway from early-stage crowdfunding to public capital market listing.

Product overview

SpaceCrowd is a unified crowdfunding platform offering equity-based investment opportunities for innovative companies in Bulgaria. The platform consists of the core SpaceCrowd Platform for investment campaigns (currently equity shares, with bonds planned), the SpaceCrowd Academy for investor education, and campaign launch services for companies seeking funding. Developed by the Bulgarian Stock Exchange and Central Depository, it operates under EU Regulation 2020/1503 as the first licensed crowdfunding platform in Bulgaria.

Differentiator

Problem solved

Functional benefit

Products and services

• SpaceCrowd Platform Licensed equity-based crowdfunding platform connecting Bulgarian startups, SMEs, and developing companies with investors and business angels to facilitate capital raising through lending and/or placement of transferable securities. Licensed under EU Regulation 2020/1503 (FSC license No. 993-DUKF, 03.11.2023).
• Equity Investment Campaigns Live equity investment opportunities on the platform enabling investors to acquire shares in innovative Bulgarian companies with growth potential, executed through investor accounts with licensed investment intermediaries.
• SpaceCrowd Academy Educational simulation platform that allows prospective investors to practice investing in crowdfunding campaigns before committing real capital, supporting investor onboarding and education.
• Crowdfunding Campaign Services for Companies Service offering that enables Bulgarian joint-stock companies and SMEs to create, prepare, and launch crowdfunding campaigns, including guidance on campaign presentation, compliance review, and connection to a network of private investors via the licensed platform.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• Bulgarian Stock Exchange (Българска фондова борса, БФБ)coreStrategic or Co-development PartnerCo-owner of SpaceCrowd alongside Central Depository. The Bulgarian Stock Exchange (БФБ) provides organizational, technical, human, financial resources and know-how to SpaceCrowd. The platform is designed to complement the BEAM market of the Bulgarian Stock Exchange, creating a funding pathway from early-stage crowdfunding to public capital market listing.
• Central Depository (Централен депозитар) ADcoreStrategic or Co-development PartnerCo-owner of SpaceCrowd alongside the Bulgarian Stock Exchange. Provides technical and operational infrastructure for the platform, including registration of book-entry securities in the Central Depository's register. Contributes organizational, technical, human, financial resources and know-how to support the platform's mission.
• Licensed Investment Intermediaries (Investment Firms)coreChannel Partner/ Reseller/ DistributorLicensed investment intermediaries (investment firms), members of the Bulgarian Stock Exchange, serve as the mandatory gateway for investors to access SpaceCrowd. They provide investor identification, account management, and facilitate all investment executions through investor accounts. The 'How It Works' page explicitly directs investors to contact these partners to start investing through SpaceCrowd.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Seedrs (now Republic Europe): Equity crowdfunding platform operating across the UK and EEA, with FCA and ECSP (EU Regulation 2020/1503) authorizations. Highly comparable to SpaceCrowd on regulatory stack, securities-based offerings, and target issuer profile.
• Seedblink: Romanian-headquartered equity crowdfunding platform operating under EU Regulation 2020/1503 with cross-border activity across CEE. Directly comparable to SpaceCrowd in product (equity crowdfunding), geography (CEE/SEE), and regulatory framework.
• Companisto: Germany's leading equity crowdfunding platform, regulated under EU Regulation 2020/1503, focusing on venture-backed and growth-stage companies. Comparable on regulatory regime and securities-based offering model.
• WiSEED: French equity crowdfunding platform operating under EU Regulation 2020/1503 with a focus on startups, real estate, and renewable energy. Comparable as a regulated European equity crowdfunding platform with similar issuer and investor profiles.
• Funderbeam: Estonia-based equity crowdfunding and secondary-market platform for startups, with deep CEE/SEE activity. Comparable to SpaceCrowd on geography, target issuer profile (regional startups), and securities-based offering structure.
• Crowdcube: UK-headquartered equity crowdfunding platform regulated under the FCA, connecting growth companies with retail investors for equity rounds. Closest comparable to SpaceCrowd in business model, regulatory regime (EU/UK), and target customer (retail investors backing SMEs/startups), though operating at materially larger scale.

Broad incumbents

• Republic: US-headquartered multi-asset private markets platform combining equity, debt, and real estate crowdfunding under one roof. Comparable as a broad incumbent operating a regulated securities-based crowdfunding marketplace, with substantially larger scale and product breadth.
• Indiegogo: Global rewards-based crowdfunding platform offering equity options through partnerships. Comparable as a broad crowdfunding incumbent that competes for the same entrepreneur mindshare as SpaceCrowd, though with a fundamentally different offering model.
• Kickstarter: Global rewards-based crowdfunding platform with broad creator and backer audiences. Comparable as a crowdfunding marketplace serving entrepreneurs raising capital from a distributed investor/funder base, though rewards-based rather than securities-based.
• Companisto (separate venture arm): Beyond equity crowdfunding, Companisto operates a venture-style investment vehicle and ecosystem of services. Comparable as a broader European incumbent with overlapping regulatory and customer dynamics to SpaceCrowd.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/SpaceCrowd22312
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/spacecrowd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Space Crowd