Real estate fintech platform Immo Investment Technologies raises €11M Series A

Immo Investment Technologies, a London-based fintech startup that purchase homes on behalf of buy-to-let investors, has closed €11M in Series A funding.

Backing the round is Talis Capital and HV Holtzbrinck Ventures, with participation from Tom Stafford and Rahul Mehta of DST Global, Mato Peric of MPGI, among others. In addition, the company is disclosing that it has raised over €100 million in real estate “buyer capital”.

It will use the buyer capital to fund the acquisition of properties — targeting private individuals who want to sell their property quickly. It then refurbishes these properties and puts them on the rental market as part of a fully-managed package, therefore returning a predictable yield to investors.

Immo says it has already evaluated over 10,000 for-sale apartments in the launch city of Hamburg. It claims its technology can accurately predict property sales prices, as well as current and future rental income prices.

“Immo buys residential properties directly from consumers on behalf of professional investors, thereby helping consumers sell their home in a fast, reliable, transparent and convenient way and providing investors with desired residential asset exposure at scale,” explains Hans-Christian Zappel, the startup’s co-founder and CEO.

“Immo tenants enjoy a well invested,

This post was originally published on this site

contactedorg

Check out http://contacted.org