BrickVest secures $1m funding for “pioneering” proptech platform
Lonon start-up allows investors to build online real estate portfolio with a minimum €1,000 investment
Property tech (proptech) start-up BrickVest has raised $1m from 20 investors to finance the building of its pan-European online real estate investment platform.
Founded by Dr. Thomas Schneider, Emmanuel Lumineau and Adalbert Wysocki – who share a combined 30 years in the real estate and technology sectors – the London-based company connects investors with property owners and developers to get direct access to global real estate.
Launching this summer, the platform will offer users access to the European and North American real estate markets for a minimum investment of €1,000. The founders are hoping their product will introduce better transparency, while reducing costs of sourcing, structuring and managing investments.
The funding was backed by angel investors from real estate and technology, as well as Harvard University professor in real estate finance; Richard Peiser.
BrickVest co-founder, Dr. Schneider, commented: “The real estate investment industry has long been closed off to new investors by the same group of major players. With the launch of BrickVest’s online investment platform, we are smashing through an opaque marketplace creating access never before given in the space.”
Investor Peiser added: “After reviewing the concept presented by the founding team, it was clear that BrickVest has the potential to become the defacto online real estate investment platform globally. A multitude of financial services have been fundamentally altered by the use of web technology and BrickVest will do the same for real estate investment.”
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