BrickVest has raised £2m in its latest fundraising round and has decided to extend fundraising after new investor, Jean-Romain Lhomme, former co-head of Europe at Colony Capital, persuaded the firm to expand "further, quicker, and bigger" than originally planned.
BrickVest, the global real estate investment platform launched in 2014, and secured investment from Global Founders Capital in 2015. This Series A funding takes the current total raised by the London-based startup to £2.7m including seed funding, and the firm expects to raise an additional £2m by June this year.
Lhomme, who also joined the BrickVest board said: "I invested into BrickVest because I believe the company is about to disrupt the model of how to invest in real estate around the globe from small private investors to large institutions.”
"BrickVest is not a crowdfunding platform, it’s a state-of-the-art solution platform for sophisticated investors and sponsors, with a strong and unique positioning that encompasses fintech, proptech, and regtech.”
Emmanuel Lumineau, CEO at BrickVest, commented: “2016 has been a very exciting year where both sponsors and investors have strongly backed our approach to democratise access to institutional real estate investments. We are pleased to have attracted institutional sponsors and trust of thousands of Investors and family offices that are seeing BrickVest as a Solution platform.”
“This additional funding will enable us to continue investing in 2017 in our in-house technology and scaling our innovative platform in line with soaring levels of demand for accessible real estate investment.”
In February the firm was granted an Alternative Investment Fund Managers (AIFM) License, which means it is fully-regulated with cross-border passporting rights across Europe. The platform claims to be the only European online real estate platform to gain a full-scope AIFM license.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.