IMMO has invested continuously in new technologies to meet the issues that have arisen surrounding the global pandemic. Spanning 360 virtual tours, online credit checks, and digitizing contracts for renters, IMMO has utilized dire times to boost the drive of innovation for the real estate industry.
In its latest news, the startup has raised an additional €3 million from FinTech Collective and Surplus Invest in a Series A financing round. This amount brings the total capital raised for these Series A round to €14 million.
Jannis Roser, Managing Partner at Surplus Invest, said:
“The IMMO team has impressed us with their outstanding and highly complementary expertise relevant to all areas of the business. IMMO is uniquely positioned to open up residential real estate as an asset class for institutional investors by overcoming previously existing barriers to entry through the intelligent use of technology and data.”
The additional funding will aid in IMMO accelerating its investments platform and further expand across Europe.
Hans-Christian Zappel CEO & Founder of IMMO, said:
“The demand for residential is increasing, and we are confident to deploy scalable capital and generate superior-to-market returns for our investors across European markets. Our proprietary IMMO Intelligence technology helps investors target specific locations within any European city, to get their desired risk-return exposure.”
Talis Capital, HV Holtzbrinck Ventures, Tom Stafford & Rahul Mehta of DST Global, Mato Peric, and other early investors participated in the round.