We are very excited to announce that we have participated in the €14m Series-A financing round in European startup, IMMO. Additional investors in the round included Talis Capital, HV Holtzbrinck Ventures, and Surplus Capital.
IMMO utilizes data and technology to source, appraise, and acquire single units at scale, thereby opening up single-unit residential real estate as a new asset class for institutional investors to participate in.
In the past year, IMMO has assessed more than 10,000 property leads (totaling €3.5b) using proprietary machine learning technology, which combines property-level data with other data-points such as traffic nodes, crime statistics, school, restaurant, AirBnB ratings, and distance to supermarkets.
The company has also raised over €60m in real estate capital for deployment through its residential real estate platform.
FinTech Collective got introduced to IMMO CEO, Hans-Christian Zappel, through another founder in Europe. We’ve been continually impressed by the talent that Hans-Christians’s has brought into the business and the precision and rigor the team has brought to a complex operational challenge.
Residential real estate is one of the largest alternative asset classes in the world, representing nearly €40tr in total value in Europe alone, with only 2% of residential properties currently owned by institutional investors.
IMMO is building the real estate asset manager of the future – data-driven and tech-enabled, providing a unique platform for institutional asset owners to find attractive and uncorrelated yields in an asset class they consistently want better access to.
London-based real estate investment platform IMMO raises additional €3 million to support its European expansion - EU Startups
IMMO reaches €14m in funding - Mortgage Introducer
Real estate investments platform IMMO secures EUR3m in additional funding - Property Funds World
Immo Investment Technologies Raises €3M in Additional Series A Financing - FinSMEs