6 years ago

IMMO Raises €72 Million for Expansion of Real Estate Fintech Platform

  • IMMO, a London-based real estate fintech startup, has secured €72 million in funding

  • The round included €11.5 million in equity from a Series A funding led by Talis Capital, HV Holtzbrinck Ventures, Tom Stafford & Rahul Mehta of DST Global, and Mato Peric, and €60 million in capital from its real estate investment platform

  • IMMO plans to use the funds for expansion into the UK and Germany

  • The company acquires residential properties directly from consumers and transforms them into fully-furnished homes for the long-term rental market

  • IMMO's technology allows it to source, appraise, and acquire single units at scale, opening up a new asset class for institutional investors

  • The company has assessed over 6,000 property leads (€2.2 billion) in the past year using proprietary machine learning technology.

      • ProblemReal Estate

      "making it easier for consumers to sell their properties and for professional investors to invest in single unit residential real estate"

      Solution

      "IMMO uses proprietary machine learning technology to assess property leads and environmental data to come up with an offer price for sellers, allowing the company to buy properties at scale directly from sellers"

      Covered on