The Crowd Angel Has Raised €2.8 Million for Spanish Startups

For three years The Crowd Angel (TCA) has made business angels out of ordinary people online, through their crowdfunding platform. This week they announced that they have raised a total of €2.8 million for Spanish startups, including the Barcelona-based startup Glovo, which also recently acquired Justbell.

According to Eleconomista, their largest investment rounds came at the beginning of this year, where they help fund four large projects worth €860.000. Their goal is to fund yet another two startups by the end of 2015, and hope to reach €3.3 million in total investments since its inception in 2012.

There is no doubt crowdfunding is gaining attraction and success in Spain. Another example of growth in equity crowdfunding is Crowdcube that has raised over 1 million euros for its startups since its launch.

Back to The Crowd Angel, the platform notes that of all the projects that have been successful, have reached their fundraising target within 25 days.

“We are proud of the great progress TCA have had since its founding, and this shows that crowdfunding through platforms like ours, is a real financing-alternative for startups in Spain,” said the founder and director TCA delegate, Ramon Saltor to Eleconomista.