2015’s biggest investments: Purplebricks £58m

£58m share placing allows online estate agency Purplebricks to finance software and technology development

Company: Purplebricks
Description: Online estate agency
Founders: Michael and Kenny Bruce
Based in: London
Raised: £58m
Investors: Woodford Patient Capital Trust

They said:

Michael Bruce commented: “[The placing] has been great. We’ve worked very hard, met many characters, who have embraced what we’re trying to do and achieve and are supportive for future.

“Working with Neil Woodford was interesting. What he liked about Purplebricks was our principles, and how we’re trying to change the market. He’s tried to make investing more transparent, and we have the same aims.”

Read more about the deal here.


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