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We're incredibly excited to announce that we have invested in the €14m Series-A financing round in IMMO. IMMO is building the real estate asset manager of the future leveraging data and technology to source, appraise, acquire, and rent-out single units at scale, starting with Europe. IMMO has assessed more than 10,000 property leads (totaling €3.5b in value) and has raised over €60m in real estate capital for deployment through its residential real estate platform.
Gareth Jones, managing partner at FinTech Collective, added: “Residential real estate is one of the largest alternative asset classes in the world, representing nearly €40tr in total value in Europe alone. “However, it is incredibly difficult for institutions to invest in at scale, with only 2% of residential properties currently owned by institutional investors. “We were attracted to IMMO as they are 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. “It would be difficult to overstate the size of the opportunity in front of IMMO today.”
https://www.mortgageintroducer.com/immo-reaches-14m-funding/
