Proptech Immo raises 75 million US dollars
Janina Gerhardt
| 19.04.2022
The start-up buys real estate and then rents it out via its platform. Now new investors are getting on board.
Hamburg-based proptech Immo received $75 million in its Series B round, as Ace Compact reported. The round is led by New York-based investment fund Oak HC/FT and Moore Capital. In addition, existing investors Fintech Collective and Talis Capital also continue to participate. The company said it plans to use the new capital to drive its European expansion and purchase additional properties.
"Tenants deserve comfortable, affordable and at the same time sustainable offers. Responsible investors need scalable investment opportunities with low risks. Our real estate platform offers both," co-founder Hans-Christian Zappel is quoted as saying by Ass Compact .
Zappel, Samantha Kempe, Avinav Nigam, Thomas Fuehrich and Lasse Faurby Christensen founded the startup in 2017. The proptech offers a data-based investment platform. Immo analyzes properties and checks them against various criteria. For sellers of properties, Immo takes care of notary processes and legal fees. The startup refurbishes the purchased properties and then rents them out via its "Living-as-a-Service" platform. The startup also offers the properties as investment opportunities for investors.
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