Posted In:

Immo


FinTech Collective Invests in IMMO

Published:

Aug 20, 2020


Source:

Posted In:

Immo

Published:

Aug 20, 2020


Source:


Share:

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.

FTC Summary


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.

Media Highlights


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

Share:

Previous Article:
Centrifuge launches Decentralized Asset Financing Protocol
Next Article:
FinTech Collective Invests in Fondeadora
The views expressed here are those of the individual FinTech Collective LLC (together with its affiliates “FTC”) personnel quoted and are not the views of FTC or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by FTC. While taken from sources believed to be reliable, FTC has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; FTC has not reviewed such advertisements and does not endorse any advertising content contained therein.

Any designations found herein have been made by a third party, and although FTC has no reason to believe that such designations, or the criteria for being considered for such designations, are inaccurate or misleading, FTC does not guarantee its accuracy, and such designations may be incomplete or condensed. No compensation was paid in exchange for any designations, endorsements, or testimonials found herein. The hyperlinks referred to herein are provided for your reference only.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. This content does not constitute an offering or form part of any offering or any solicitation of any offer to subscribe to or purchase any investment by FTC, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with any contract therefore. Any such offer will be made only by means of definitive investment offering documents. The information included herein is subject to change without notice to any recipient. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by FTC, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by FTC (excluding investments for which the issuer has not provided permission for FTC to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://www.fintech.io/portfolio and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://www.fintech.io/disclosures for additional important information.