Michael Bruce (entrepreneur) explained

Michael Bruce
Birth Date:[1]
Nationality:British
Known For:Co-founder and CEO of Purplebricks
Spouse:Isabel Bruce
Children:5
Relatives:Kenny Bruce (brother)

Michael Bruce (born 28 June 1973) is a British entrepreneur, and the co-founder and ex CEO of the online estate agent Purplebricks.[2]

After studying Law in Southampton, Bruce embarked upon a legal career before purchasing Midlands estate agent Burchell Edwards with his brother Kenny in 2006, eventually selling it to Connells in 2011.[3] Together with his brother they would go on to found Purplebricks in 2012, with the company floating on the Alternative Investment Market in December 2015 for $300m and increased in value to over $1billion before falling back to £300m by May 2019. Purplebricks has launched in the UK, Australia and the US and raised £100m from Axel Springer. In May 2019, Michael stepped down from his role as Chief Executive.

Notes and References

  1. Web site: Michael Patrick Douglas BRUCE. Companies House. 24 July 2017.
  2. Web site: From idea to IPO in three years and a $billion business: Purplebricks founder Michael Bruce. City A.M.. 24 July 2017.
  3. Web site: Michael Bruce: The entrepreneur behind Purplebricks who’s shaking the foundations of estate agency. London Evening Standard. 24 July 2017.