Brickwise

[Name] Brickwise

[Elevator Pitch]

[The Story] “We are Europe’s first mobile broker for digital real estate assets. With our one-of-a-kind platform, we make it easy to buy property shares, collect rental income and sell again at any time.”

As the head of the Banking and Insurance Institute and chair of a bachelors and masters program at the FH JOANNEUM University of Applied Sciences in Graz, Michael Murg is also a serial entrepreneur, a robo adviser and an extreme sports enthusiast. Along with his three Brickwise cofounders, he wanted to revolutionize the real estate market. According to their research, more than 50 percent of Europeans would like to invest in real estate and yet only 10 percent do. They saw huge potential and untapped demand and decided to make it easier for people to invest in property.

In 2018, combining many years of academic experience with the latest technology, Michael and his cofounders founded Brickwise, Europe’s first marketplace for trading digital real estate assets. Through its platform, Brickwise completely overhauled and simplified the process of buying real estate shares. Users can quickly and simply invest, collect rental income and then sell again at any time. “We believe everyone should have the opportunity to invest in property,” Michael says. “Our ultimate aim is to democratize and simplify the whole process to make it as transparent and open as possible.” With approval from the Austrian Financial Market Authority to license its business model and with backing from a VC, it is leading the way to make real estate investment an affordable and accessible opportunity for all.

[Funding History] [Milestones]

Bootstrap Angel External

Grants

At the beginning, the four founders invested in the business themselves. Then, in summer 2020, Brickwise secured €500,000 ($599,200) in funding from a seed investor. In summer 2021, it went through another funding round and accepted €2.5 million ($3 million) from a VC. Receiving approval to license our business model from the Austrian Financial Market Authority.

Securing funding from a seed investor and then a further €2.5 million from a VC.

After months of delay due to COVID-19, going to market and launching our platform in 2021.

Tokenizing the world’s largest wooden skyscraper (situated in Austria) so that people can invest.