BrickX, the fintech startup that gave millennials an in to Australian real estate investment through a fractional ownership model in residential property, has been sold to Melbourne VC and private equity firm Thundering Herd. Investors buy “bricks”, currently worth between $34 and $159 each, in the 19 properties the startup has bought in Sydney, Melbourne,… Read more »
Property investment startup BrickX has launched Smart Invest, a new automated platform aiming to help users save for a deposit.
With Reinventure having announced its investment in November, the closing of the Series A brings the total raised by the startup to date to $12.5 million.
Westpac-backed venture capital firm Reinventure has backed property investment platform BrickX, as part of the startup’s yet-to-close Series A round.
A property is purchased and put into a trust, then split into 10,000 units – or bricks – which can then be bought by investors through Brickx.
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