SpaceCrowd has officially launched.

SpaceCrowd – Advised by our team – Officially launched!

Bulgaria’s first equity crowdfunding platform, SpaceCrowd, has officially launched. The operator, Collective Financing, is jointly owned by the Bulgarian Stock Exchange and the Central Depository. Small and medium-sized companies can now borrow money and issue bonds and shares up to EUR 5 million per year without an approved prospectus or any other regulatory intervention – a significant relief for those seeking early-stage financing.

🔹 Financing up to 5 million euros
🔹 Opportunity to raise capital between 200,000 and 2 million leva
🔹 Focus on innovative companies with high potential

In Bulgaria, access to capital for young companies remains limited, despite the development of private investors and venture capital funds. Access to bank loans is also difficult, and international venture funds often target larger companies. The SpaceCrowd platform will expand financing opportunities, complementing existing instruments on the market.

According to European regulations, crowdfunding can be done through loans, transferable securities (shares, bonds), or other eligible instruments. Initially, SpaceCrowd will only offer financing through shares, which means that companies must be joint-stock companies. In the future, there are plans to expand the options through loans and bonds.

The procedure for raising capital through SpaceCrowd is similar to that of BEAM – companies must transform into joint-stock companies and prepare detailed documentation about their business and future plans. The costs of financing through the platform are expected to be significantly lower than those of BEAM.

The creation of SpaceCrowd allows the Bulgarian Stock Exchange to close the entire development cycle of a company – from initial funding in SpaceCrowd, through expansion of the BEAM market, to a potential listing on a regulated market and even a dual listing in Sofia and Frankfurt via EuroBridge. At least three companies are already in the process of preparing to raise capital through the new platform.