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PropTech firm BrickVest tops up Series A with additional £5m

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BrickVest, the online real estate investment platform, has topped up its Series A with an additional £5m.

Berlin Hyp, the real estate finance provider to Germany’s Savings Banks Finance Group, led the investment.

Speaking about the fundraise, Emmanuel Lumineau, CEO at BrickVest, commented: “We’re delighted to have closed this Series A fundraise with one of the largest amounts raised in the PropTech sector.

“Our unique partnership with Berlin Hyp is transformative for BrickVest and we have a tremendous opportunity to expand our investor base of institutional sponsors and family offices. Both sponsors and investors continue to back our approach to democratise access to institutional real estate investments, in a highly secured and low-cost environment.”

Lumineau said the funds will allow the company to continue investing in its proprietary technology and scale its platform in line with demand.

Sascha Klaus, chairman of the board of management of Berlin Hyp AG, said: “For us as a bank, this partnership is a way to further implement our digitisation strategy, expand our value chain and tap into further growth potential.

“Our decision was preceded by a thorough review of BrickVest’s business model. The technology, products and the skills and experience of the management team convinced us to agree the partnership.”

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