BRXS co-founders Amrita Ramsaransing and Filip Nuytemans | Image credit: BRXS
Amsterdam-based BRXS, a company that makes real estate investing accessible and affordable for everyone, announced on Monday, September 19, that it has raised €3M in a pre-Seed round of funding.
Founded by ex-Uber execs, the recently launched BRXS platform allows users to invest directly into rental properties and build a real estate portfolio, starting from €100.
The investment was led by Picus Capital, Axeleo, and several angels, including Pareto. The company says the raised capital will help it to further develop the platform, diversify its offering and expand into new EU markets.
In a world where inflation is high and volatility is on the rise, real estate is not only one of the largest sources of wealth generation but also a great way to diversify portfolios with stable and consistent returns.
However, younger generations find it difficult to become landlords/ladies for a variety of reasons, including the need for substantial financial resources, access to credit, ample time, and inexperience with complicated legal procedures. And with growing costs and interest rates, it is not getting any simpler. As a result, the real estate rental industry still only benefits a small number of people.
This is where BRXS steps in. The company believes that change should not only be limited to stock trading, crypto or banking, and aims to make the traditional real estate investment segment more accessible to everyone.
Customers can invest directly in the rental properties of their choice on BRXS’ website starting at €100. They can develop a real estate portfolio, generate income through rentals, and gain from potential value growth over time. Investors don’t have to deal with any hassles because they can easily maintain track of their assets in their BRXS portfolio and receive clear updates on the properties.
Amrita Ramsaransing and Filip Nuytemans founded BRXS in the fall of 2021 because they were dissatisfied with the real estate investment process and saw a chance to simplify, streamline, and make it more accessible.
When they introduced their first product in early 2022 and had over 5,000 registrations, they proved that requirement. The first Amsterdam houses worth more than €1M were all sold out in a matter of weeks. To better serve its clients and those who have been patiently waiting on the backlog, BRXS, which has a staff of seven, is presently trying to grow its portfolio with new properties in the Netherlands and internationally.
Co-founder Amrita Ramsaransing says, “Having invested in real estate ourselves, we experience firsthand the still outdated and complex process. Add to that the high prices and difficulty to get financing as a young professional, it was just impossible to get started. This needs to change so that not only a select group gets to earn money while sleeping, but everyone has the opportunity to enjoy these benefits.”
Axeleo Capital is an early-stage VC dedicated to European startups. AXC manages expert funds, including Axeleo Proptech 1, a €40M fund raised in 2020 and dedicated to construction and property technologies. The firm has backed 10 ventures so far, including Bright Spaces, Check&Visit, Garantme, Laiout, and Prello, and plans to invest in 10 more in the next year.
Picus Capital is a privately financed VC company that predominantly invests in pre-Seed, Seed and Series A rounds and focuses on technology companies in real estate, financial services, HR, energy & climate, logistics & mobility, e-commerce, healthcare, crypto & web3, and deeptech. The company is based out of Munich and has offices in New York, Beijing, Berlin, London, Bangalore, Stockholm, and São Paulo.
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