Vircon Legal advises crowdfunding platforms, issuers, and investors on equity-based crowdfunding structures, licensing requirements, campaign documentation, disclosure obligations, platform compliance, and closing processes. Our work combines capital markets regulation, startup financing, and practical transaction execution.
Our Crowdfunding practice covers:
- Platform licensing and ongoing compliance for Turkish crowdfunding service providers
- Issuer-side campaign structuring and documentation: offering memoranda, risk statements, financial disclosures
- Cross-border crowdfunding under the EU Crowdfunding Service Provider Regulation (ECSPR) and US Regulation Crowdfunding
- Equity and debt-based crowdfunding architectures
- Qualified angel investor and accredited investor classification
- Campaign-stage milestone enforcement, escrow structures, and closing documentation
- Post-closing compliance, ongoing investor reporting, and cap table maintenance
- Crowdfunding-to-VC bridge: structuring later-stage rounds for crowdfunded companies
We advise both standalone crowdfunding platforms and venture-backed startups choosing crowdfunding as part of a broader fundraising strategy. Our VC Due Diligence Checklist and integration with SPV structures means we can advise across the full capital stack.
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Frequently Asked Questions
Who can raise through equity crowdfunding in Türkiye?
Turkish joint-stock companies with technology or production-oriented activities, raising through CMB-licensed crowdfunding platforms under the III-35/A.2 communiqué. There are annual caps on the amount a company can raise, and the funds must be used per the disclosed project plan under escrow discipline.
Are there limits on how much individuals can invest?
Yes — non-qualified investors face annual caps per project and in total, designed to limit retail exposure; qualified investors invest without those caps. Platforms enforce the limits through their onboarding and investment screens.
What happens after a successful campaign?
Escrowed funds are released against the milestones in the offering documents, shares are issued to investors through the central registry, and the company takes on ongoing disclosure obligations toward the platform and investors. Failed campaigns unwind with refunds.