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.
As competition in the property market continues to grow, startups Gavl and FinalCall are looking to help buyers track and participate in auctions remotely.
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.
If you wanted to make use of the extra space on your property and build a secondary dwelling – like a granny flat – you’d probably have to embark on an extensive Google search and sift through 800,000+ results. This is the situation Sydney-based entrepreneur Jay Wright found himself in last year.
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