Immo Investment Technologies Raises €3M in Additional Series A Financing
Summary
Backers included FinTech Collective & Surplus Invest, which joined Talis Capital and HV Holtzbrinck Ventures in the round now totalling €14M. The company’s technologies and innovations help simplify real estate transactions via virtual 360 viewings, online credit checks and digital contracts for renters that are relocating thousands of miles. The company intends to use the funds to accelerate its investments platform to offer up more markets across Europe, and develop the full technology suite from acquisitions to asset management. In the past year, IMMO has assessed over 10,000 property leads (€3.5Bn) using proprietary machine learning technology, reducing the underwriting process from days to a matter of minutes. The IMMO Intelligence combines this property level data with millions of environmental data-point such as traffic nodes, crime statistics, school/restaurant/airbnb ratings, distance to supermarkets etc.
Funding
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