When Trust Breaks: Lessons from Koregraf’s Shutdown for B2B Crowdfunding Platforms

Koregraf, once a prominent French real estate crowdfunding platform, ceased operations in May 2025 . Despite its promising start and regulatory compliance under the European Crowdfunding Service Providers (ECSP) framework, the platform’s closure has raised concerns about the stability and transparency of B2B crowdfunding platforms. This event is more than an isolated misfortune. It is a case study in what can go wrong when strategic focus, communication, risk management and investor trust are mi