200000
investors
Mamacrowd is an Italian equity crowdfunding platform run from Milan by MAMACROWD S.r.l., a company founded in 2011 under the name SiamoSoci. Investors buy shares in Italian startups and small companies, and in companies set up to hold a single building. Azimut, a listed Italian asset manager, has owned 50.1% of the platform since January 2022.
The platform says more than €360 million has been raised across more than 340 projects, from over 200,000 registered users (July 2026). Registered users are not active investors: in its record year, 2024, about 5,000 people invested €41 million across 42 campaigns.
Companies apply, and Mamacrowd's team reviews them before a campaign goes live. You choose each campaign yourself; there is no automatic investing. Startup and small-company campaigns sell shares, usually from about €250. Property campaigns sell shares in a company set up for one building: development projects that build or renovate and then sell, and, since June 2025, buildings already let to a tenant, from €5,000.
Your money moves only if the campaign reaches its target. Under the EU crowdfunding rules you can cancel an order within four days without cost, and each offer comes with a key information sheet.
Mamacrowd publishes results only for property projects that have finished. On the 10 property projects wound up so far, worth €14.57 million, investors earned about 9.83% a year on average, weighted by amount (calculated from the platform's own per-project table, as of 24 October 2026; the simple average is 10.25%). The business plans had promised about 13.62% a year for the same projects, and up to 15% a year on several of them.
Six of the ten met their plan. Four paid less: 8% a year instead of 15%, 6% instead of 15%, 7% instead of 11%, and one gave back the money invested with no gain, against 15% a year planned. The platform describes each figure as the maximum yield of the operation; what individual investors received may differ.
Property campaigns now on offer target 11% to 14% a year for development projects and about 10% a year for rental buildings, of which about 4% a year is rent (June 2025). These are targets, not results. For the startup and small-company shares, which make up most of the 340-plus projects, no return, exit or multiple has been published since the platform started.
Mamacrowd publishes no figure for losses, failed companies or write-offs (checked October 2026). None of the ten finished property projects lost investors' capital, but seven took longer than planned: one took 35 months instead of 18, another 29 instead of 24. Projects still running or in difficulty are not listed, so the table shows only projects that reached the end.
For startup shares, most young companies fail or never return money, and the platform gives no count of how many of the companies it funded have closed. Investors therefore cannot see how often money is lost here.
Nothing secures your money. You own shares, not a loan: there is no collateral, no buyback, no reserve fund and no insurance, and no deposit or investor compensation scheme covers losses. If a company or property project fails, shareholders are paid last, after every creditor, so you can lose most or all of what you put in.
Property projects rest on the developer's business plan; the platform publishes no independent valuation and no limit on borrowing. Your protections are those of a shareholder and those of the EU crowdfunding rules: a key information sheet for each offer, an entry test and a loss simulation for less experienced investors, a warning before any single investment above €1,000 or 5% of your net worth, and the four-day cancellation period.
MAMACROWD S.r.l., Via Timavo 34, Milan, is authorised by Consob, Italy's markets regulator, as a European crowdfunding service provider (decision no. 22876, 8 November 2023). Before that it was on Consob's national register of crowdfunding portals from 2014. The EU register lists no other country where it offers its services.
Azimut Enterprises, part of the listed Azimut Holding group, holds 50.1% and placed managers on the board. Azimut funds also invest in campaigns on the platform, so their presence in a deal is not an independent sign of quality. The company that runs the platform has made a loss three years running; its 2025 revenue fell about 41% to €1.6 million and staff were cut to 18 (2026). We found no action by the regulator against it.
Mamacrowd earns its fee mainly from the companies raising money, and only when a campaign succeeds, so its income depends on deals closing rather than on how they perform later. We could not confirm on the platform's own pages in October 2026 whether investors pay a charge per order, so check the offer documents before you invest. Selling a stake privately needs a notary, at your cost, and property companies carry their own running and developer costs before anything reaches investors.
Usually you cannot sell when you want to. Mamacrowd has no market for reselling shares, and selling a stake in an Italian limited company needs a private buyer and a notary. Startup shares pay out only if the company is sold, lists on a stock market or buys shares back; plan for five years or more. Italian innovative startups may not pay out profits while they hold that status, for up to five years.
Property development companies end on their own: when the building is sold, the company is wound up and investors are repaid, although seven of the ten finished projects ran late. Rental property companies pay out rent once a year and have no fixed end date. Italian taxpayers can deduct 50% of what they invest in innovative startups and small companies from income tax if they keep the shares for at least three years.
Return: Medium — finished property projects paid about 9.83% a year on average (October 2026), but four of ten paid below plan and the startup shares have no published results. Risk: High (higher means more risk) — after twelve years no figure for losses or failed companies is published, only finished property projects are reported, and the operator is losing money. Risk-return: Low — a medium return, measured on a small part of the platform, does not make up for a high risk that investors cannot measure. Startup shares are high risk and high return by nature, and a few large company sales could change this view; none has been published so far.
License / Regulation: MAMACROWD S.r.l. (formerly SiamoSoci S.r.l.) is authorised by Consob, the Italian markets regulator, as a European crowdfunding service provider under Regulation (EU) 2020/1503 (decision no. 22876 of 8 November 2023), for placing offers and passing on investors' orders. LEI 815600DF7DBD1A836085. The EU register lists no other country where it offers its services. No deposit or investor compensation scheme covers investment losses.
Yes. MAMACROWD S.r.l. is authorised by Consob, Italy's markets regulator, as a European crowdfunding service provider (decision no. 22876, 8 November 2023). Regulation sets rules for how offers are presented; it does not protect you from losing money on a company or project.
The platform does not name the payment institution or bank that holds investors' money before a campaign closes. Money is passed to the company only if the campaign succeeds. After that you hold shares in the company you invested in.
It is set per campaign. Startup and small-company campaigns usually start at about €250; rental-property deals need at least €5,000 (since June 2025).
The 10 finished property projects paid about 9.83% a year on average, weighted by amount, against about 13.62% planned (October 2026). Four paid less than planned and one returned only the money invested. No return, failure count or loss figure is published for the startup shares, which make up most of the platform.
Nothing. You own shares, not a loan, so there is no collateral, buyback, reserve fund, insurance or compensation scheme. If a company or project fails, shareholders are paid after all creditors, so you can lose everything. Property projects rest on the developer's business plan, with no independent valuation published.
Usually not. Mamacrowd has no market for reselling shares; a sale needs a private buyer and a notary. Startup shares pay out only on a company sale or stock-market listing, often after five years or more. Property development companies repay when the building is sold, but seven of the ten finished projects ran late.
Mamacrowd earns its fee mainly from the companies raising money, when a campaign succeeds. We could not confirm on its own pages in October 2026 whether investors pay a charge per order, so check the offer documents. A private sale needs a notary, at your cost.
If a company fails, you usually lose most or all of what you put into it. The shares you buy are issued by that company, not by Mamacrowd, so a failure of the platform would not by itself cancel them, but no compensation scheme covers losses and following up your investments could become harder. The company that runs the platform made a loss three years running up to 2025.
Azimut, a listed Italian asset manager, has held 50.1% since January 2022, which gives the platform a large owner. But Azimut funds also invest in campaigns on the platform, so a fund taking part in a deal is not an independent sign of quality.
