Property investment platform Bricklane has announced its successful £4.7m Series-A fundraise from leading UK and US investors.
The raise coincides with major investment in Bricklane’s proprietary technology platform, Compass, and comes as the business extends its real estate investment solutions for institutional investors and wealth managers.
Historically, residential investment has been dominated by a fragmented base of individual buy-to-let investors, due to the difficulty and inefficiency of acquiring multiple individual assets. Bricklane’s Compass platform makes it possible to aggregate significant portfolios at scale, enabling both large scale institutional and individual investors to easily access returns from the UK’s £7 trillion housing market.
The round was led by some of Europe’s leading proptech venture firms, A/O Proptech and DMG Ventures, and included investment from LocalGlobe, Form Ventures and leading US fintech investor Clocktower Technology Ventures.
Simon Heawood, CEO and Co-founder of Bricklane, said: “The announcement of the recent close of our Series A fundraise comes at an already exciting time for the business, as we invest in technology, people and extend our proposition further. Through the raise we’re delighted to have added new world-class investors with expertise in real estate and capital markets, as well as continuing to be supported by our existing backers.”
“It is fantastic to be adding someone of Oren’s calibre to Bricklane’s senior team at this stage of our growth. His wealth of experience as an operator and investor within private equity and real estate will be a tremendous asset to the business going forward.”
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Oren Peleg, Chairman of Bricklane, added:“Having been responsible for significant institutional capital in my previous career, including a number of asset consolidation platforms – Bricklane has an enormous opportunity ahead.
With legislation changes making it less attractive for individuals to be buy-to-let landlords, alongside growing demand for high quality rental stock from tenants, it’s a great time to be using technology to allow rapid and scaled accumulation of this asset class by professional investors and institutions.
I’m really excited to be joining Bricklane at this inflection point in the business’ and sector’s trajectory.”