Portuguese impact investment platform Goparity has acquired the Spanish impact crowdfunding platform Bolsa Social, a move that allows the company to add equity investment to its offer alongside its existing lending model, as reported by ECO.
The acquisition – whose value was not disclosed – enables Goparity to include equity crowdfunding in its platform because Bolsa Social is authorized by Spain’s financial markets regulator, the CNMV.
Until now, Goparity’s offering has focused on debt-based crowdfunding, allowing investors to lend capital with a fixed annual return.
According to Goparity co-founder and CEO Nuno Brito Jorge, the acquisition and the inclusion of equity crowdfunding means the company now has “a much more complete platform.”
He said investors “now have more options to diversify,” combining lending capital with a fixed annual return and the possibility to participate in the capital of impact companies and monitor their long-term growth. For organizations, he added, it is “another way to reinforce capital.”
The acquisition comes at a time when the crowdfunding market remains highly fragmented, according to Brito Jorge. He said this fragmentation is driving a broader trend toward mergers and acquisitions across the sector.
He added that, given Goparity’s impact since its foundation in Portugal and across Iberia and international markets, the company believes it can play a central role in this consolidation process. “Therefore, we have more acquisitions planned, but not necessarily in the short term,” he said.
Bolsa Social also brings an established presence in Spain, said the CEO of Goparity. He added that the Spanish platform has more than 13,000 users and has facilitated around €15 million of investment into impact projects.
Combined with Goparity’s existing community, the acquisition brings together more than 72,000 people who invest in impact-driven initiatives.
Brito Jorge told ECO that the transaction is structured in two parts: an effective investment and the assumption of bank debt from Bolsa Social.
Integration plans and brand future
Following the acquisition, Goparity plans to ensure continuity for all projects currently running on Bolsa Social, including both loans and equity investments, so that no processes are interrupted for organizations or investors.
In parallel, Goparity plans to integrate Bolsa Social into its own platform. The goal, Brito Jorge said, is to do so “in a phased manner until the end of April this year.”
Brito Jorge said Portugal remains a central region for Goparity’s operations, with more than €25 million invested in impact projects to date.
He added that the new equity investment offerings enabled by the acquisition will be made available across all markets where Goparity operates, consolidating its position as a reference platform in sustainable crowdfunding.
The transaction also strengthens Goparity’s team. Marta Abbad-Jaime de Aragón, former COO of Bolsa Social, has joined Goparity as an equity partner following the acquisition.
Growth figures and recent performance
From 2017 through the end of last year, according to Brito Jorge, Goparity funded more than 420 projects through a community of more than 59,000 users, a figure that is expected to grow following the integration of Bolsa Social’s investor base.
Goparity funded more than 420 projects between 2017 and the end of last year through a community of more than 59,000 users, according to Brito Jorge. The figure is expected to grow following the integration of Bolsa Social’s investor base.
In 2025 alone, the platform raised €12.5 million for impact projects, bringing the total amount raised since its foundation to more than €56 million. During the same year, Goparity’s investor community funded 52 projects.
Brito Jorge said Goparity pursued “disciplined growth” in 2025, applying strict criteria to project selection and execution to “protect the quality of the portfolio rather than increase volume at any cost.”
Expansion outlook
Looking ahead, Goparity expects 2026 to be a year of consolidation in Spain, with particular emphasis on growing its local investor community.
In the short term, the company plans to maintain its focus on Iberia for investor growth, before expanding further into southern and central Europe. On the project side, Goparity intends to continue prioritizing initiatives in Iberia and Latin America, while preparing to expand into at least one country in Southeast Asia.
Featured image: Goparity co-founder and CEO Nuno Brito Jorge (left) and Bolsa Social founder and CEO Jose Moncada Durruti (Photo source: ECO)
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