Italy: Startup Financing through Crowdfunding

Press Release Published December 4, 2013 at 12:51 am
The Soho Loft supports Alessandro Lerro’s talk on Crowdfunding, and other financing opportunities, for a series of events which kicked off at the “Funding Startups: Crowdfunding” event Nov 27 in Rome, Italy.

This is what the MBA program of the LUISS Business School in Rome does: Focus on preparing the business people for startup life.

Exciting times are up ahead as Alessandro Lerro, founder and CEO of Lerro & Partners, participated in a series of events on Funding Startups. The activities commenced at the MBA Lecture Room Via Pola on the 27th of November 2013 at 6:00 p.m.

In recent years, there is an increasing surge in the volume of funds raised for startups globally. The significant success of the growth of capital formation for new enterprises all across the world and particularly in Italy is attributed in part to crowdfunding. Crowdfunding as a viable method of raising capital for startups has grown to include equity-based financing. Italy is the first country in the world to pass and regulate equity-based funding from the crowd.

Italy and Crowdfunding
Francesca Flamma, regulator of the CONSOB and Regulatory Impact Analysis, has shed some light on the new Crowdfunding regulations in Italy. Middle of this year CONSOB has passed the implementation of the “Decreto Crescita Bis” or better know to the rest of the world as the “Growth Act 2.0”. CONSOB, or Commissione de Nazionale per le Societa e la Borsa, is the Italian equivalent of the SEC (Securities and Exchange Commission) in the United States.

Alessandro Lerro, an experienced lawyer in funding startups and crowdfunding, gave an overview regarding the intricacies of Crowdfunding in Italy. Lerro discussed the different forms of crowdfunding, like debt-based and rewards-based funding, as well as the equity-based crowdfunding.

Lerro said, “Italy now is the best country for international crowdfunding, especially for larger projects. The investment cap is €5 million (more than six times that of the JOBS Act) and there is no personal investment limit for individuals. Any European company domiciled in Italy is eligible to crowdfund, regardless of the nationality of its shareholders.”

David Drake, founder and chairman of The Soho Loft, said, “Crowdfunding is becoming a credible source of startup funding along with angel investing and venture capital. The Soho Loft has been monitoring crowdfunding developments in Italy. We are working closely with leading platforms and broker-dealers in Italy, as well as with several Italian banks that are looking for strategic partners.” He encouraged committed investors to be part of this latest step forward for equity crowdfunding.

Check event page for more info:

http://thesoholoft.com/2013/11/28/event-funding-startups-crowdfunding/

MEDIA Contact:

The Soho Loft (www.thesoholoft.com) – The Voice of Capital Formation

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For press inquiries, contact press@thesoholoft.com or + 212.845.9652.

This Press Release also appeared on: http://www.prlog.org/12250638-italy-startup-financing-through-crowdfunding.html

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