Immo in largest European proptech Series B funding

Immo Capital, a company that describes itself as Europe’s first technology-led residential real estate platform that buys existing single-family rental housing, has raised $75 mln (€69 mln) Series B funding to execute its plans for putting $2.5 bn of investor acquisition firepower to use.

Oak HC/FT, a US based venture and growth equity fund investing in healthcare and fintech, alongside Moore Speciality Credit and existing investors FinTech Collective and Talis Capital led the Series B round.

The company will use the capital to accelerate its expansion across Europe and purchase 10,000 homes backed by $2.5 billion in commitments from leading institutional investors., it said.

Immo explained it had experienced 1,200% growth in thelast 6 months and had partnered with some of the largest global investment managers to invest in single family rental residential property.

Its technology analyses over €6 bn of properties per month to identify investment opportunities.

Hans-Christian Zappel, CEO and co-founder, said: ‘Now is the time to unlock and professionalise the European residential category. Residents deserve a better, more convenient, affordable and environmentally sensitive rental product. Responsibly minded institutions, on the other hand, need the scalable, low-risk investment exposure that single unit residential assets have to offer. We are delivering the future of residential investing through our platform, as well as what the future of living is going to be.’

 

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