BrickVest, an online real estate investment platform, has received the final close of its second fundraising round with £7m, which represents one of the largest growth stage fundraisers in the proptech sector.
The lead investor is Berlin Hyp which is a real estate provider to Germany’s largest banking group, Savings Banks Finance Group.
Emmanuel Lumineau, chief executive at BrickVest, said: “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.
“This additional funding will enable us to continue investing in our in-house technology and scaling our innovative platform in line with soaring levels of demand for accessible real estate investment.”
Sascha Klaus, chairman of the board of management at Berlin Hyp AG, added: "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, the skills and experience of the management team convinced us to agree the partnership."
