Does equity crowdfunding enhance the survival of sustainability ventures?

• Equity crowdfunding enhances the survival rates of sustainability ventures. • Sustainability ventures exhibit significantly lower failure rates than non-sustainable firms. • Non-tech sustainability ventures benefit more from equity crowdfunding campaigns. • Industry context influences equity crowdfunding outcomes for sustainability ventures. This study investigates the impact of equity crowdfunding on the survival rates of sustainability ventures. Utilizing data from UK-based companies that have successfully issued equity via crowdfunding platforms, the analysis differentiates the outcomes for environmentally sustainable ventures compared to others. The findings suggest that equity crowdfunding appears to confer long-term benefits on these companies, as evidenced by their lower failure rates. The advantage is more pronounced for companies operating outside the technology sector.