European investment platform HeavyFinance has raised 3 million euros in a seed funding round. The company will use the capital injection to drive an expansion within Europe. It will also add new sustainable finance options to the platform.

European crowdfunding platform SeedBlink has launched its own secondary market today. Users can buy and sell startup investments there. The launch thus provides early-stage liquidity.

In 2022, French crowdfunding platforms collected 2.35 billion euros. This is a growth of 25 percent compared to 2021. The increase was mostly caused by the increase in real estate crowdfunding, which accounted for two thirds of the total funding amount.

Equity crowdfunding platform Wefunder has opened an office in Amsterdam, the Netherlands. The company has already received the ECSP license. The platform is now able to offer its services in Europe.

Saving and investment app Plum has announced an expansion into 5 European countries: Italy, Portugal, Greece, Cyprus and the Netherlands. The company is now present in 10 markets.

Financing platform Invesdor has received the European Crowdfunding Service Provider license. It is the first platform in the DACH region to do so. The company wants to become a leading provider of crowdfunding services in Europe with this new license.

While tech companies have historically received high valuations, company shares have been traded below asking price on secondary markets lately. According to secondary markets platform Forge Global, the gap between asking price and bids is currently 22 percent. This has resulted in a dramatic decrease in trade volume.

EvenFi, a peer-to-peer investment platform from Italy, has raised 2.2 million euros. The startup will use the investment for further growth as well as product development. The funds came in part from its own investor community.

German trading app Trade Republic is giving all of its customers a yearly 2 percent interest on their cash balance. It is calculated in real time and deposited each month, enabling users to accrue compound interest. The interest applies to cash balances up to 50,000 euros.

Investors have invested more than 100 billion euros in European tech startups during 2022. A year earlier, these startups raised more (118.8 billion euros in total). The difference is linked to difficult market conditions in the past year.