The risks below are general risks associated with investing in unlisted securities and this is not intended to be an exhaustive list of all risks. Specific risks for individual investments will be listed on companies’ individual pages. We recommend that you read the information on the website carefully and that you carry out your own due diligence on the companies. You should only make investments in unlisted shares if you are able to bear the loss of the whole of your investment and as part of a well-diversified portfolio. Investments are not suitable for all persons and investors will have to satisfy qualification criteria when signing up as a client of an authorised broker.

Early Stage Companies

Companies using CrowdX are at various stages of growth but all are early-stage companies and carry a high risk of failure. Past performance is not guaranteed to continue, the value of your investments may fluctuate and you may get back less than you invested. If you are unsure about the suitability of any investment you should speak to a suitably qualified adviser.



Early-stage companies carry a high risk of failure, and you should be prepared to lose the whole of your investment.
Although dividends can be paid on shares, early-stage companies usually are not in a position to pay dividends to shareholders and you should not expect to receive an income from your shareholding.

NO Prospectus

None of the offers available through the platform have a prospectus that has been approved by a regulatory authority.


No guarantee of ongoing compliance with qualification criteria. Some of the companies may be eligible for EIS relief but there is no guarantee that the company will continue to meet the criteria to qualify for EIS relief. Tax treatments of the products depend on individual circumstances and may be subject to future changes in law. If you are uncertain about the tax treatment of a product you should seek independent tax advice. Neither CrowdX nor Prosper Capital LLP offer any tax advice or any guarantee as to the suitability of a product for a particular tax treatment.


Although CrowdX operates a bulletin board to allow shares to be traded, this is no guarantee that you will be able to sell your shares when you want and at a price that you want. If you purchase shares which are suitable for EIS relief you will need to hold them for at least 3 years to qualify for the relief.


Early-stage companies usually go through several rounds of financing, and it is likely that your will be diluted by subsequent new issues of shares.