5 years ago
IMMO Secures Additional €3 Million to Expand Real Estate Platform Across Europe
London-based real estate investment platform IMMO has raised an additional €3 million in an oversubscribed Series A funding round, bringing the total raised to €14 million
The round saw participation from FinTech Collective, Surplus Invest, Talis Capital, and HV Holtzbrinck Ventures
IMMO will use the funding to expand its platform across Europe and further develop its technology suite
The company aims to simplify real estate transactions for both investors and tenants by leveraging technology and data-driven insights.
ProblemFinancial Services
"Investors struggle to deploy capital in residential real estate at scale due to the complexity of valuing and acquiring single units."
Solution
"IMMO uses proprietary machine learning technology and data to source, appraise, and acquire single units at scale, making residential real estate an accessible investment asset class for institutional investors."