It may have been nearly four years since Bricks + Agent appeared on Shark Tank, but the property maintenance platform has now welcomed one of the sharks on as an investor.
Andrew Banks did an onscreen deal for a stake in the start-up all the way back in 2018, but off-screen, the deal did not materialise.
In his own words, “the deal didn’t go ahead at the time, but I stayed in touch with the team and have really enjoyed watching the progress of their business model, client base, and lists of achievements”.
He added: “Their product is disrupting the status quo of property maintenance, which is clunky, labour-intensive and frustrating for all parties to the maintenance transaction.”
Highlighting the high number of users on the platform – which is upwards of 380,000 – Mr Banks became an investor during the recent capital raise, which also saw hipages take a 25 per cent interest in the issued share capital.
For Bricks + Agent co-founders Rafael Niesten and Jon Stul, having Mr Banks on board is a boon for the business.
“We really enjoyed our time on Shark Tank, and the outcome for the business post appearance was great. We stayed in touch with Andrew over the years, keeping him up to date with our progress,” Mr Niesten notes.
“When the time was right to complete our first capital raise, we felt it would be great to have Andrew onboard, and he said yes, again.
“Andrew is highly connected in many industries, and it is great to finally welcome him onboard all these years later, to help with our expansion domestically as well as internationally.”
ABOUT THE AUTHOR
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.