CMS has advised London-based online real estate investment platform BrickVest on its latest fundraising round. The fundraise, which raised £7m, represents one of the largest series A fundraise in the property tech (“PropTech”) sector.
The lead investor, Berlin Hyp, acquired a minority stake in BrickVest, and the two firms have formed a strategic partnership. Berlin Hyp is one of Germany’s leading real estate banks, with almost 150 years of experience in professional real estate financing and close ties to Germany’s largest banking group, the Savings Banks Finance Group. The partnership will provide Berlin Hyp with access to BrickVest’s growing investor base which now includes over 3,500 high net worths (HNWs) and family office assets valued at around EUR11bn.
The CMS team was led by Partners Sam Robinson and John Finnemore, with support from Lauren Wood and Lucy Pywell.
Sam Robinson comments, “We are extremely pleased with the outcome of this second round, which marks one of the largest ever fundraise for the PropTech sector. This vital funding will enable BrickVest to reinvest in its own technology to grow its innovative platform."
