IMMO raises $75 million Series B funding to execute on $2.5 billion in capital demand and become the largest residential investment platform in Europe, Gareth Jones

Huge congratulations to the whole IMMO team who from their HQ in Shepherds Bush, London have closed the largest Series B in European proptech history! Having experienced 1,200% growth in the last 6 months, IMMO will use the new funds to deepen its technology and operations teams across offices in London, Hamburg, Cologne, Berlin, Madrid, and Delhi. Welcome aboard OAK HC/FT!

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Immo claims its proposition is built out of a tech and data-driven approach to housing acquisition. Using a range of 300 or so indicators including humidity, decibel, and lumen levels, comparable transactions, and location data from public and private datasets, Immo builds out a model of transaction and rental costs for individual properties to help institutions provide what Zappel describes as "a more professional rental product." Immo said it has grown four-fold in the past 12 months and now manages around $2.5 billion in commitments from institutions across its core markets of Germany and Spain. The startup wants to bring the UK market online this year and will also makes strides into the more developed single-family rental investment market in the US later in 2022, Zappel said.

https://www.businessinsider.com/immo-property-tech-startup-raises-75-million-to-scale-investments-2022-4