Bricksave Expands its Reach with Acquisition of Colombian Proptech Macondo

In a strategic move to solidify its presence in the Latin American real estate market, Bricksave, a prominent real estate investment company, has recently completed the acquisition of Macondo, a leading property technology firm based in Colombia. While the exact financial terms of the transaction remain undisclosed, the combined value of these two industry giants now exceeds an impressive $50 million.

Bricksave, headquartered in London, offers a unique crowdfunding-based model that allows investors to purchase properties in Europe and the United States. As a result of this acquisition, the company now possesses the local expertise required to fuel exponential growth in the Colombian real estate market.

Sofía Gancedo, the co-founder and COO of Bricksave, expressed her high expectations for this strategic move, stating, “The acquisition of Macondo gives us local expertise to grow exponentially in the Colombian market.” This expansion aligns with Bricksave’s mission to offer investors safe and lucrative opportunities in real estate.

Since its inception in 2016, Bricksave has invested over $35 million in 260 properties, amassing a community of 20,000 registered users across 19 countries, primarily in Latin America. While their primary focus remains on residential and completed properties, the company’s commitment to ensuring the security of investors and their assets has been unwavering.

Bricksave has earned Swiss regulatory approval for its digital registration technology, further enhancing its reputation as a pioneer in the real estate tech industry.

Gancedo is optimistic about the potential for growth in the Latin American region, emphasizing the importance of providing investment alternatives for savers. Currently, the company is focused on the consolidation of its acquisition, Macondo, which is projected to take approximately six months. Additionally, Bricksave aims to strengthen its investor base in key Latin American markets, such as Argentina, Brazil, and Uruguay.

While Bricksave remains open to future acquisitions, Gancedo clarified that they are not actively pursuing such opportunities at this time. In a recent funding round, Bricksave secured $6 million in support from Kinled Holding, LAB Miami Ventures, Graphene Ventures, and received an investment of $1.6 million from the UK government’s Future Fund.

This strategic acquisition marks a pivotal moment for Bricksave as it seeks to broaden its influence and continue providing secure and lucrative investment opportunities for its growing investor base in Latin America and beyond.