Property investment platform Brickowner has reportedly collected £500,000 in a Seedrs crowdfunding campaign.
The fresh equity will be used to hire more staff, explore new technology developments and launch a secondary market in the first quarter of 2021, according to a report from Crowdfund Insider.
Brickowner co-founder and CEO Fred Bristol told Crowdfund Insider, “This is a great start to 2021 and a clear demonstration of the belief investors have in the future of this business and in the property sector in general, despite the uncertainty that was caused by the pandemic and Brexit. We are confident of repaying that faith with significant growth driven by a raft of new business partnerships and by constantly improving our technology.”
Brickowner is no stranger to Seedrs. The FinTech has raised a number of funding round through the platform, with its most recent being a £169,790 raise in 2019. It also raised £215,822 in a crowdfunding campaign in 2018, which had been raised at a pre-money valuation of £5m.
UK-based Brickowner helps customers invest into exclusive institutional grade property investments, which are usually locked off from the public. A minimum investment size is set at £100, and a user can create their own portfolio, controlling what to invest in, how much, and when.
Users receive a share of any monthly rental income from a property they backed, proportional to the amount they contributed. The contributor’s investment will also be scaled with any change in value for the property.
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