# Brick Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/brick-technology

- Industry: Consumer Services
- Headquarters: Stockholm, Sweden
- Website: www.brickapp.se
- Total disclosed funding: $1.9M
- Latest round: Seed (Jan 14, 2022)
- Investors on record: 4

## About

Based in Stockholm, Sweden, and founded in 2019, Brick Technology AB is a startup that operates a platform to rent power banks. The company was founded by its CEO Emil Esselin. In January 2022, Brick Technology AB raised EUR 1.7 in seed funding led by new investor Fåhraeus Startup and Growth.

Brick Technology provides an online application that allows customers to rent its power bank called Brick from its stations, which feature built-in cables and sockets that are compatible with phones, tablets, and headphones, and then return them to any other Brick station they desire. As of 2022, the company's Brick stations are available in a variety of restaurants, nightclubs, and hotels around Sweden, including Åhléns and Starbucks, as well as AMF Fastigheter's different retail malls. 

Brick Technology generates revenue by charging a rental fee for its power banks ranging from USD 1.95 per hour to a maximum of USD 4.95 per day. In 2021, the company had revenues of approximately SEK 3 million and a loss of SEK 1.5 million 

The company plans to use the January funding towards building an even better technical platform, international expansion and expanding its employee count to 10 within 2022.

## Funding rounds

- Seed, Jan 14, 2022, $1.9M — SamInvest Mitt AB, Wave Ventures, Fast Track Malmo, Fahraeus Startup and Growth

## Investors

- SamInvest Mitt AB — Seed
- Wave Ventures — Seed
- Fast Track Malmo — Seed
- Fahraeus Startup and Growth (https://capitalatlas.ai/funds/fahraeus-startup-and-growth) — Seed