Proptech Immo raises 75 million US dollars
The start-up buys properties and then rents them out via its platform. Now new investors are getting on board.
The Hamburg-based proptech Immo has received 75 million US dollars in its Series B round, according to Ass Compact reports. The round is led by the New York investment fund Oak HC/FT and Moore Capital. The existing investors Fintech Collective and Talis Capital are also continuing to participate. The company intends to use the new capital to drive forward its European expansion and purchase additional properties.
"Tenants deserve comfortable, affordable and 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 start-up in 2017. The proptech offers a data-based investment platform. Immo analyzes properties and checks them against various criteria. Immo takes care of notary processes and legal fees for property sellers. The start-up refurbishes the purchased properties and then rents them out via its "Living-as-a-Service" platform. The start-up also offers the properties as investment opportunities for investors.
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