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Brickowner

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Property investment platform. Helping property asset managers onboard and manage their investors.

153%
 - 
Funded 17 Jun 2021
£200,001 target
£307,046 from 384 investors
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Business overview

Location London, United Kingdom
Social media
Website www.brickowner.com/
Sectors Property Digital Mixed B2B/B2C
Company number 11938868
Incorporation date 10 Apr 2019
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Investment summary

Type Equity
Valuation (pre-money) £13.7M
Equity offered 2.19%
Share price £7.35
Tax relief

EIS

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Business highlights

  • Secondary market launched and trading
  • New scalable fund structure created
  • 70% repeat investor rate
  • Return to pre-pandemic levels of investment
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Key features

  • Secondary Market
  • Seedrs nominee min. £14.70 +
  • Pay by Bank payments not accepted
  • Idea
  • Key Information
  • Team
  • Updates
  • Investors 384
  • Discussion
  • Documents

Idea

Introduction

Brickowner aims to become the leading service provider for property developers and asset managers wanting to improve the cost and efficiency of onboarding and managing their investors.

Brickowner successfully caters for two client groups and has repeat business from both:

1. For property asset managers, on-boarding and managing investors is becoming increasingly complicated. We have automated this process, making it significantly cheaper and quicker than offline processes. We manage their investor onboarding - Anti Money Laundering (AML), Know Your Client (KYC), investor categorisation, and escrow requirements.

2. We continue to have crowd investors as our other customer group. They often find it hard to source or access professionally managed property investments. Such investments are mostly not widely marketed, nor open to investors wishing to invest smaller sums. We aggregate these investors and automate the on-boarding so asset managers are able to take their smaller investments.

Substantial accomplishments to date

We launched our secondary market in February 2021

We have created a new scalable fund structure that we plan to launch in Q3 2021

Both of these combined are intended to support significant growth in a number of ways

1. The secondary market introduces an opportunity for liquidity which we believe will give investors comfort to invest greater amounts for longer terms

2. Fees generated from the secondary market add a further revenue stream

3. Through a combination of our new structure and the secondary market we plan to grow our B2B business significantly. We are already progressing with our first property fund client, which will back an existing fund onto our secondary market. They can then benefit from our automated investor administration, and provide their investors with liquidity via our secondary market.

We have successfully exited 5 of our investments, all of which achieved their projected returns, including two investments exited successfully during 2020, despite market issues caused by COVID-19. For our 5 redeemed investments we have achieved an average annualised net return to investors of 11.3%.

Over £15m had been invested through the Brickowner platform to date.

We have c 3500 investors registered on the platform, with over 765 active investors. Almost 70% of our investment comes from repeat investors.

We have repeat business from our asset manager clients and investors

Monetisation strategy

We outline our fees within the property term sheet for each specific investment. We typically charge 2 fees to the property asset manager / developer for our primary market:

1. 0.75-1% per annum of the amount invested.

2. An upfront placement fee of up to 5%.

Fees vary from investment to investment, depending on the size and type of the deal. Some investments also have an exit fee.

We charge a fee of 2% to sellers on our secondary market

Further fee generation will be possible from our new products. For example, we are planning to create our own themed funds using an auto-invest function. This will offer investors instant diversification across a pool of assets. An extra fee would be charged for this.

Use of proceeds

This present raise will help accelerate the growth of Brickowner, with the investment going towards:

1. Technology investment – adding further features and functionality to the platform, including in particular building out the functionality for property asset managers, our B2B clients.

2. Developing the B2B business, including new potential hires to help drive this growth

3. Increased marketing to support growth

Key Information

Please note that the business entered into a £50k bounce back loan in August 2020. The loan has zero interest for the first year and then attracts 2.5% per annum for the following 5 years.

Funds raised will not be used to pay this loan.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

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Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £13,728,815

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

Seedrs nominee

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Seedrs nominee.

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Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

This shareholding type is available and the minimum investment required to select it.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.