Röntgen hits 95 million EUR in funded investments last year
Investors of the crowdfunding platform Röntgen (UAB Trecia diena) raised a total of 94.7 million EUR last year, which is 45% more than in 2025. This record result was driven by an active housing market, growing trust from investors and RE developers, and the platform's own proactive efforts.
The 2025 results and investor activity exceeded Röntgen's initial forecasts, with key 2024 indicators being surpassed within the first three quarters of last year.
Greta Zarembiene, partner and executive director of Röntgen, notes that the results reflect both external and internal factors. While interest in investing and trust in crowdfunding grew alongside developer activity, Röntgen focused on meeting investor expectations and creating new opportunities for business clients.
"Beyond favorable market factors, we focused on the investors' desire to diversify portfolios geographically and across asset classes. We worked with RE developers to show how financial structures can allow for multiple simultaneous projects. While our priority is fulfilling promises and sustainable growth rather than size, it is likely we grew faster than the entire Lithuanian crowdfunding sector, establishing ourselves among market leaders. This confirms a huge demand for conservative, collateral-based investing," says G. Zarembiene.
More Projects and No Delays
The record year is also illustrated by the supply of unique investment projects. Last year, 58 unique opportunities were offered—mostly residential housing in Lithuania, but also projects in Finland, Italy, and Poland, alongside investments in aviation, energy, and industrial RE. These were funded through 255 investment stages. The number of unique projects and stages grew by approximately 35% compared to 2024.
Last year, Röntgen investors earned 5.8 million EUR in interest with an average annual return of 8.3%. Despite a general decrease in the cost of capital across markets, crowdfunding in Lithuania maintained an attractive ratio of interest to collateral.
During 2025, projects funded by Röntgen experienced no delays. According to G. Zarembiene, this is the result of a long-term conservative strategy, with safeguards further tightened in response to market experiences. The platform currently has only one delayed project from 2023, meaning the ratio of problematic investments to the active portfolio is just 1.8%—comparable to bank portfolio statistics.
Expectations to Maintain Momentum
According to G. Zarembiene, another active year for the housing market is expected due to pension reforms and reduced down-payment requirements. This should be reflected in Röntgen's 2026 results. The company intends to seek new sustainable opportunities abroad, though the Lithuanian residential RE market remains the priority.
"This year, we hope to raise 130–150 million EUR. However, even in a growing market, we will not compromise our conservative project selection. The result will depend more on the supply of quality projects than on investor activity. It is likely the Lithuanian RE market will be very active this year, but looking further ahead, we will seek alternatives in energy, industry, and aviation," says G. Zarembiene.
Currently, the Röntgen community consists of about 23,000 members. The average active user portfolio last year was 26.3 thousand EUR, while the median—better reflecting the typical investor—was about 5 thousand EUR.
Since 2017, the platform has raised over 265 million EUR in capital and paid out 17.3 million EUR in interest. On the final day of 2025, the active loan portfolio stood at 84.6 million EUR.