# The Brick Exchange

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-brick-exchange-pty

- Industry: Financial Services
- Headquarters: Sydney, Australia
- Website: www.brickx.com
- Total disclosed funding: $6.4M
- Latest round: Series A (Dec 22, 2017)
- Investors on record: 3

## About

Based in Australia, The Brick Exchange Pty Ltd offers a unique investment platform allowing Australians to invest in real estate through fractional ownership, known as "Bricks," enhancing accessibility to property investments.The Brick Exchange Pty Ltd operates as an innovative investment platform focused on property market access through fractional ownership. Founded in 2014 and headquartered in Sydney, Australia, the company has secured AUD 1.00 mn in total funding across 7 deals, with the most recent investment round occurring on December 15, 2019. Leyrth Pty Limited, Redan Street Pty Limited, and Ryder Capital Limited participated in the latest funding round, bringing the total amount raised to AUD 1.00 mn, while the current valuation stands at AUD 30.30 mn. The CEO, Joseph Galvez, leads the company toward its strategic objectives.BrickX operates as an investment platform that enables Australians to invest in the property market via a fractional ownership model. This model allows individuals to purchase fractions of various real estate assets, including both residential and commercial properties. With features like Smart Invest, BrickX simplifies investment by providing a curated selection of properties aimed at growth. The platform caters to a wide range of investors, including minors and self-managed super funds (SMSF), thereby broadening access to property investment.BrickX derives revenue from transaction fees related to the buying and selling of Bricks and management fees earned for overseeing the investment properties. Clients invest in Bricks at various price points, allowing for direct-to-consumer transactions. As individuals acquire Bricks, they benefit from net rental or interest income, aligning BrickX’s revenue model with the performance of the underlying properties, all facilitated through an intuitive online platform.The Brick Exchange Pty Ltd aims to enhance its services and product offerings in the coming months. The recent acquisition of a stake by Thundering Herd Pty Ltd, finalized on December 15, 2019, is expected to strengthen its portfolio. The company plans to explore new markets and geographic regions to further broaden its reach, with specific strategies likely to emerge from this acquisition. As the company continues to develop its platform, it anticipates launching new products that enhance user engagement and investment options.

## Funding rounds

- Series A, Dec 22, 2017, $3.1M — NAB Ventures
- Series A, Aug 22, 2017, $3.3M — Reinventure, Bridgelane Group

## Investors

- Reinventure (https://capitalatlas.ai/funds/reinventure) — Series A
- Bridgelane Group — Series A
- NAB Ventures (https://capitalatlas.ai/funds/nab-ventures) — Series A