Prop-tech startup Brickowner has successfully secured its initial £150,000 funding target on equity crowdfunding platform Seedrs. The funding round is now nearing £220,000 thanks to more than 180 investors.
As previously reported, Brickowner’s investment platform has reportedly experienced significant growth throughout 2018, even completing five raises totaling £4.9 million to date. The platform revealed that raises have ranged from development finance for residential and holiday homes to the first crowdfunded cemetery investment.
“We found that most investors are unable to locate the best property investments managed by the best property asset managers. If attractive investments were found, a significant sum would often be needed in order to be able to invest. Brickowner aims to solve these problems. As of 2018 we also help property developers and asset managers onboard and manage their own investors using our platform. This saves them time and money, offers their investors a superior service, and lets them focus on managing the properties.”
Brickowner also reported it aims to become the primary service for property developers and asset managers wanting to improve the cost and efficiency of onboarding and managing their investors, whilst enabling individual investors to access property investment opportunities not otherwise available to them. Funds from the Seedrs round will be used for the following:
- Make further key hires to expand capacity
- Add further features to the platform to allow new products
- Complete the process to become directly FCA authorized
The funding round is set to close later this fall.
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