Immo Raises $75M Series B Funding

Immo raised $75M Series B Funding, a UK-based provider of a tech driven residential investment platform.

The round was led by Oak HC/FT, with participation from Moore Speciality Credit, FinTech Collective and Talis Capital.

The company intends to use the funds to accelerate its expansion across Europe and purchase 10,000 homes backed by $2.5 billion in commitments from leading institutional investors, and accelerate the growth of its technology and operations through investment in talent acquisition in all offices globally.

Co-founded in 2017 by CEO Hans-Christian Zappel who has been acknowledged on the Forbes 30 under 30 list, together with its CIO Samantha Kempe (Blackstone, PwC), and COO Avinav Nigam (Walt Disney, Procter & Gamble), Immo provides a residential real estate investment platform designed to create portfolios of quality from existing single-family rental (SFR) assets at scale and at speed. The company uses technology for single-family home management.

The technology analyses over €6 billion in properties per month to identify investment opportunities. The team then physically inspects selected homes collecting over 300 data points using the company’s proprietary inspection app in order to make an offer. Post-purchase, Immo upcycles the properties into modernized homes that are offered to residents via their “living-as-a-service” rental platform.

To invest in SFR across multiple European markets, the company has partnered with some of world’s largest investment managers. Immo has 120 employees in London, Hamburg Hamburg, Berlin, Madrid and Delhi.

Get latest news from African Startup ecosystem

Latest stories

You might also like...