Rocket Internet’s VC arm Global Founders Capital invests in real estate platform
Europe’s first real estate investment platform BrickVest announces a funding by Global Founders Capital, a Rocket Internet VC arm. The Berlin- and London-based startup hasn’t even launched yet, however, it is described as a platform that lets users invest in real estate in North America and Europe, starting at €1,000. Details of the deal remain undisclosed.
North Rhine-Westphalia and EU support startups with €20 million
A lot of startups kick off in Berlin, but that doesn’t mean other places in Germany stay behind. To support those who are in cities like Cologne or Dusseldorf, the ministry of North Rhine-Westfalia and the European Union hand out an overall amount of €20 million until 2020. However, financial support is not for everyone: The startup idea needs to be based on science and research. Is that the case, a startup can receive up to €240,000. Applications are open now. A jury wants to announce first results by this August.
Image: Screenshot BrickVest