In The News
Jun 12, 2021
CTech: For Israel’s proptech sector, the foundation lies in the BRICKS
BRICKS is helping connect young startups with conservative real estate companies in need of innovation
“The interesting side of the proptech industry is that this is one of the last industries that didn't go through innovation,” explained Blasenheim. “If you think about real estate, it’s still stuck in the 1960s. Every time we meet another huge player we are shocked by how they are working - it's like the old times.”
May 4, 2021
Bizportal article in Hebrew: The SPAC Trend Brings The Field of PropTech To Life
Dudi Daniel, partner at Bricks Proptech Innovation Center who previously served as the CEO of the real estate company ADO Group, explains that "the field of Proptech has been growing greatly over the past two years. We see quite a few start-ups that receive a price tag of half a billion dollars and some of them are even defined as Unicorn."
"The structure of the SPAC where a group of high-ranking officials in a particular field, in the particular case real estate, raise a lot of money to invest in a technological venture in their field of expertise is very suitable for the field of Proptech," he said. On on hand you have real estate professionals who manage to raise hundreds of millions of dollars, and on the other hand start-ups that are waiting for investors who will be willing to give such a high valuation to a venture in the field of Proptech."
Apr 13, 2021
Globes in Hebrew: "The goal: to attract investment from around the world in construction start-ups"
The Bricks community was established at the end of 2019 by high-tech, real estate and finance professionals. Its offices are in Ramat Hasharon. "In the past year, we have seen about 100 Israeli start-ups and another 50 from around the world. "We operate on two axes - both with start-ups and with real estate companies, and our goal is to be the leading body in the world of proptech," says Blassenheim. In the future, they plan to develop and become an Israeli venture capital fund that will not only invest abroad, but also, according to him, "attract investments from around the world in Israeli start-ups."
