The Spanish startup Brickbro closes a financing round of €1M

The proptech closes a new investment round of €1 million that will be allocated to expansion, technology and talent.

The Barcelona company Brickbro has closed a financing round of 1 million euros this week, led by Telegraph Hill Capital (THCAP) accompanied by the Californian investment group Plug and Play, as well as family-offices and national and international business angels active in the real estate sector. Brickbro has appointed Luis Gutiérrez Roy, founding partner of THCAP, whose investment experience in high growth North American and European startups will be at the service of the company. This new round will allow Brickbro to strengthen the leadership of the company in its consolidation process in the Spanish market, with this new development bringing innovation to a sector previously marked by its traditional approach

Guillermo Preckler, CEO of Brickbro, highlights that: “The pandemic has triggered the acceleration of the digitization of the real estate sector, which has positively impacted on our growth, since we are a company that has always considered technology as a key element for success. With this new investment, our intention is to strengthen our position in the market and start our international expansion in Europe "

Brickbro is a startup that operates in the real estate sector and defines itself as a digital real estate trading platform. This proptech, incubated in Demium 2 years ago and founded by Guillermo Preckler and Carolina Santa Cruz, is committed to technology and has created a platform that allows owners of commercial premises to obtain an immediate offer, thanks to its sophisticated algorithm, which simplifies the entire purchase process and sale. "The current health crisis has in turn caused a loss of confidence in the consumer. At Brickbro we have redirected the situation reaffirming our value proposition and vision for the future."

"Technology is an opportunity for us to continue adding value in the post-COVID market ”, says Preckler.

The company is working with higher demand levels, which partly respond to the recent boom in the E-commerce sector, causing an increase in the supply of stores on secondary streets. In the current context of high uncertainty imposed by the Covid and post-Covid era, Brickbro has been able to take advantage of its specialization in investments in assets of offices or commercial premises in disuse for their future reform (into a loft or studio) and sale .

Recently, the company has announced that it has put up for sale a batch of 25 commercial premises, valued at 14 million euros, located in the main neighborhoods of Barcelona and Madrid, which can be transformed into other types of uses, such as homes, offices and ghost kitchens, among others.