Koregraf, a French real estate crowdfunding platform, has decided to shutter operations. Koregraf was controlled by Inter Invest which acquired a majority stake in mid 2024. The decision to close operations was announced last month.
Koregraf was an investment platform that sought to serve both individual and institutional investors. Estimated returns were promoted at between 10% to 12%, with a term of up to 36 months.
Mostly a debt platform, the company had reported over 400 projects financed, raising more than €300 million. The website noted that each project was audited and approved by a specialized committee prior to being opened to the public. The executives running the operation held impressive resumes.
Today, Koregraf has migrated live projects to another platform, where investors may monitor them and hopefully get their investments back.
According to Google posts, Koregraf has been liquidated, and some investors expect to lose all of their money.
A recent report in Les Echos highlights the demise of Koregraf and of the broader challenge of the real estate crowdfunding sector. The report states taht approximately €159 million of investment is now in limbo. Current regulations require platforms to have a wind down process. Capsen has been selected to step in and manage the remnants.
Immobilier : quand les plateformes de crowdfunding font faillite https://t.co/qy0tW9kqPx
— Les Echos (@LesEchos) May 14, 2025
It has been reported previously that the sector of online capital formation was once dominated by real estate. A report by Le Figaro now claims “real estate crowdfunding sites are on the verge of suffocation.”