Overfunding: Brickowner Returns to Seedrs & Quickly Secures £150,000 Funding Target

Just a little over six months after raising £282,015 through its recent funding round on Seedrs, prop-tech startup Brickowner has launched a new campaign on the equity crowdfunding platform and has already surpassed its initial £150,000 funding target. Founded in 2016, Brickowner stated it was founded to make “property investment easier.” The company further explained:

In early 2017, we launched the first part of our business: a crowdfunding platform that would enable all investors to access the kinds of property investment opportunities usually only available to large, professional investors. We found that most investors are unable to find the best property investments managed by the best property asset managers, and even when they could, these investments had very high minimum investment thresholds. Brickowner solves these problems by aggregating investors investing smaller sums through the platform, enabling investors to access these professionally managed investment opportunities.”

Brickowner noted it outlines its fees within the property term sheet for each specific investment. They typically charge 2 fees to the property asset manager/developer:

  1. 0.75% per annum of the amount invested
  2. An upfront placement fee of between 2-5%

Brickowner then shared:

“Fees vary from investment to investment, depending on the size and type of the investment. Further fee generation will be possible from new products to be launched in 2020 as the business develops. This includes the introduction of a secondary market on which people can sell shares, creating further fees for Brickowner.”

Funds from the Seedrs round will be used for the following:

  1. Senior hires to expand our capacity
  2. Significant improvements to our existing tech
  3. Developing some new technology to increase the products we can offer
  4. A new marketing strategy

The latest funding round is set to close mid-June.


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