Brickowner raises £500,000 in latest funding round

Property investment platform Brickowner has raised £500,000 in its latest funding round on Seedrs.

The firm said it will use the funds to hire talent, build new technology and launch its secondary market in the first quarter of this year.

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“This is a great start to 2021 and a clear demonstration of the belief investors have in the future of this business and in the property sector in general, despite the uncertainty that was caused by the pandemic and Brexit,” said Fred Bristol, co-founder and chief executive of Brickowner.

“We are confident of repaying that faith with significant growth driven by a raft of new business partnerships and by constantly improving our technology.”

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Brickowner, which launched in 2017, has raised more than £5m from six previous funding rounds.

The platform raised over £150,000 in June this year and more than £200,000 in 2018, with both of these funding rounds on Seedrs.

In December, Brickowner appointed former Barclays Wealth executive Kenneth Green as head of compliance.