This statistic presents the type of functions performed by the European crowdfunding platforms as of December 2013. Approximately 90 percent of platforms reported that they were able to provide their users with a preliminary screening of projects, and nearly 88 percent were successful at informing project owners and contributors of any fees applicable. Further 79 percent of platforms informed contributors of investment or funding risks.
What type of functions does your platform perform?
Share of respondents (platforms)
Preliminary screening of projects
Informing project owners and contributors of applicable fees
Checking identity of project owners
Facilitating the communication between contributors and project owners
Informing contributors of risks
Monitoring the performance of projects after the campaign
Pooling funds from contributors and allocating funds to projects
Creditworthiness or profitability assessment of proposed projects (before campaign)
Assessing the profile of the contributors
Guarantee the return of reclaimable funds
Acting as nominee shareholders or contributors' representatives in legal proceedings
Providing investment advice
Professional insurance or compensation scheme coverage to compensate contributors' losses
* This is the sample for the particular question. The full sample size was 893. Multiple responses were possible.
The source adds further information regarding methodology: "Breakdown of the sample: 414 crowdfunding (CF) contributors; 152 current/future project owners; 81 CF platform managers, 91 CF associations representatives; also contributing: banks, venture capitalists and angel investors.
Geographical breakdown of the sample: 254 France, 151 Germany, significant contribution from Italy, the UK, Spain, Austria and Belgium (all between eight and five percent of the sample). Malta and Norway not represented in consultation."
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European Commission. (March 31, 2014). What type of functions does your platform perform? [Graph]. In Statista. Retrieved July 02, 2020, from https://www.statista.com/statistics/415170/crowdfunding-platforms-by-function-in-europe/
European Commission. "What type of functions does your platform perform? ." Chart. March 31, 2014. Statista. Accessed July 02, 2020. https://www.statista.com/statistics/415170/crowdfunding-platforms-by-function-in-europe/
European Commission. (2014). What type of functions does your platform perform? . Statista. Statista Inc.. Accessed: July 02, 2020. https://www.statista.com/statistics/415170/crowdfunding-platforms-by-function-in-europe/
European Commission. "What Type of Functions Does Your Platform Perform? ." Statista, Statista Inc., 31 Mar 2014, https://www.statista.com/statistics/415170/crowdfunding-platforms-by-function-in-europe/
European Commission, What type of functions does your platform perform? Statista, https://www.statista.com/statistics/415170/crowdfunding-platforms-by-function-in-europe/ (last visited July 02, 2020)