DOZEN INVESTMENTS Review

What it is

Dozen Investments is a Spanish equity crowdfunding platform, based in Barcelona, where you buy small stakes in young, fast-growing companies. It says more than 20,000 investors have put more than €40 million into startups through 215 investment rounds (read 1 November 2026, undated). Its portfolio page highlights exits and stock-market listings, including the delivery company Glovo, the fraud-prevention firm Revelock, and the listings of Skitude and Parlem.

How it works

Rounds are split into €1,000 tickets so you can spread money across several companies; the platform suggests, for example, five projects of €1,000 a year. It says it publishes only 2% of the companies it analyses, uses standard venture-capital contracts, and after the round handles reporting and investors' participation in later rounds. Some offers are marked as giving a tax incentive. Commitments are binding after the reflection period: cancelling one later costs 10% of the amount, up to €1,000.

Returns

Dozen Investments publishes no return figure: no average return, no internal rate of return and no multiple, for its portfolio or for its exits. The portfolio page shows companies tagged as exit, partial sale or listing, without saying how much investors got back.

Losses and defaults

No figures on failed companies are published. The portfolio filter shows only active companies, partial sales, listings and exits, with no category for companies that closed, so you cannot see how often investors lost money. In startup investing, many companies fail and a few successes make up for them.

What secures your money

Nothing secures your money: you own shares in unlisted startups, and if a company fails you can lose all you invested. Your stake can also be diluted when the company raises more money; the platform says it tries to give investors a right to take part in new share issues. There is no guarantee, buyback or reserve fund, and the investments are not covered by deposit or investor compensation schemes.

Who runs it and its licence

The platform is run by Dozen Investments PSFP, S.L. (Carrer del Consell de Cent 413, 08009 Barcelona). It is authorised by the Spanish market regulator (CNMV) as a European crowdfunding service provider and appears in the CNMV register as number 20, entered on 15 December 2023. It publishes annual accounts and audit reports, but only for 2017 to 2021.

Fees

Opening an account is free. Investors pay 6% plus VAT on each amount invested, charged when they invest, and 15% plus VAT of any gain when they sell, charged only if there is a gain. Cancelling a commitment after the reflection period costs 10% of the amount, up to €1,000.

Getting your money out

There is no secondary market. Shares in young companies carry transfer limits, and you usually wait for a sale of the company or a stock-market listing. If you need to sell earlier, the team will help offer your shares to other investors, then to the founders and then to new investors, with no guarantee of a buyer.

Our view

Return: not rated, because the platform publishes no return figure, only success stories. Risk: High (higher means more risk), because failures are not shown, so investors cannot see how often money is lost, and startup shares are not secured. Risk-return: Medium: no return figure is published, so we rate it on the record of exits instead, as for startup equity; the platform has real exits and listings in its record, but no secondary market and high fees on entry and on gains.