MF NextEquity - Risk and return review
MF NextEquity – Platform statistics 2026
MF NextEquity – Pros & Cons
About MF NextEquity
What it is
MF NextEquity is a small Italian equity crowdfunding platform. Investors buy shares in Italian innovative startups and innovative small companies, many of them from the Marche region. The platform has run since 2014 (first campaigns in 2015) and was called Next Equity until a rebrand in December 2021, when Milano Finanza Editori S.p.A., the publisher of the financial daily MF-Milano Finanza, took a 34% stake. Its counter shows €4,510,198 raised across 17 offers and 388 subscriptions, an average of €11,624 per subscription (read 30 October 2026; the counter is undated and has not changed since August 2026).
How it works
Each campaign sets its own minimum investment; no platform-wide minimum is published. Before investing you answer a questionnaire on your experience, and non-professional investors must confirm they can bear losing everything. If a campaign does not reach its minimum target, your money is returned in full, and you can cancel a subscription free of charge within seven days. No campaign was open on 30 October 2026: the last offer, a second round for Irides S.r.l., was extended to 30 June 2026 and is now closed. The site is in Italian only.
Returns
No return figure is published: no target return, no average and no realised result. This is normal for share offers, which pay no fixed interest. The site mentions the possibility of profit distributions and capital growth, but no exit, dividend or company valuation has ever been reported for any of the funded companies. The only figures the platform gives are Italian tax reliefs: a 50% income-tax deduction on up to €100,000 invested in an innovative startup or up to €300,000 in an innovative small company (as stated in August 2026). These apply only to Italian taxpayers.
Losses and defaults
The platform publishes no figure on what happened to the companies after they raised money: no failures, write-downs or closures. Its showcase lists campaigns that reached their target and how much they raised, which measures fundraising, not investor results. The platform itself warns that financing startups is high risk and that the companies could fail.
What secures your money
Nothing secures your investment. You buy minority shares in unlisted companies, with no collateral, no guarantee and no investor compensation scheme. While a campaign is running, subscriptions are held in a blocked account at an authorised bank or investment firm in favour of the company, and returned if the target is missed; the bank is not named. Once the campaign closes, your money belongs to the company: if it fails, the money is gone. An innovative startup may not pay out profits for as long as it stays on Italy's innovative-startup register, up to five years.
Who runs it and its licence
The operator is MF Next Equity Crowdfunding S.r.l., based in Civitanova Marche, Italy. It is authorised by CONSOB, Italy's market regulator, as a European crowdfunding service provider (resolution 23155 of 12 June 2024) and appears in the European register as active (checked October 2026). It meets the capital requirement for this licence with an insurance policy from Generali Italia. The board and shareholders are named on the site.
Fees
No fee schedule for investors or companies was found on the platform's public pages. Fees may appear in each campaign's key information sheet; ask before investing.
Getting your money out
There is no secondary market on the platform; shares can only be sold privately to another buyer. The shares have no end date, so you get money back only if the company pays dividends, is sold or lists, and none of these has been reported for past campaigns.
Our view
Return: not rated, because no return figure of any kind is published. Risk: High (higher means more risk) — you hold unsecured startup shares you cannot easily sell, and after more than ten years the platform still reports nothing on how its funded companies have done, while its volume is very small. Risk-return: not rated, because there is no return figure to weigh against the risk.
Regulation
License / Regulation: CONSOB (Italy), European crowdfunding service provider licence under Regulation (EU) 2020/1503, resolution 23155 of 12 June 2024; listed as active in the ESMA register (Oct 2026). Capital requirement met through an insurance policy with Generali Italia. No deposit guarantee or investor compensation scheme applies.
Functionality
For Investors
Useful Information
Yes. MF Next Equity Crowdfunding S.r.l. is authorised by CONSOB, Italy's market regulator, as a European crowdfunding service provider (resolution 23155 of 12 June 2024), and is listed as active in the European register (October 2026). The licence does not protect you against losses on the shares you buy.
During a campaign your subscription sits in a blocked account at an authorised bank or investment firm in favour of the company raising money; the platform does not name the institution. If the target is missed, the full amount is returned. Once the campaign closes, the money goes to the company.
Each campaign sets its own minimum, and no platform-wide figure is published. In practice tickets are large: the average subscription so far is €11,624 (October 2026).
Neither is published. The platform gives no target or realised return and has reported no exit, dividend, valuation, failure or write-down for any funded company. Italian taxpayers can claim a 50% income-tax deduction on qualifying startup and small-company investments, within set limits.
Nothing. You buy minority shares in unlisted companies, with no collateral, guarantee or compensation scheme. If a company fails, you can lose all of the money you put in. An innovative startup may not pay out profits while it stays on Italy's startup register, for up to five years.
Not on the platform: there is no secondary market, only private sales to a buyer you find yourself. The shares have no end date. You can cancel a new subscription free of charge within seven days.
No fee schedule was found on the platform's public pages, for investors or companies. Check the key information sheet of any campaign before investing.
No offer was open on 30 October 2026. The last campaign, a second round for Irides S.r.l., was extended to 30 June 2026 and has closed. The platform has run 17 offers since 2015.
Your shares are held in the companies themselves, not by the platform, so they would not disappear with it. You would, however, lose the platform as a channel for information and any future sale.
That depends on your own country's tax rules. For Italian taxpayers, investments in innovative startups and small companies can qualify for a 50% income-tax deduction; check the conditions with a tax adviser.
