IMMO, the tech-driven residential investment platform revolutionizing how people can sell, rent, and invest in single-family rental (SFR) housing, has closed a $75 million Series B equity funding. The round was led by Oak HC/FT, a US based venture and growth equity fund investing in healthcare and fintech, alongside Moore Specialty Credit and existing investors FinTech Collective and Talis Capital. 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. IMMO uses a tech-enabled and data driven approach to building scalable residential exposure for ethically minded investors, offering an ecosystem solution from sourcing and acquisition to lettings and property management. IMMO’s technology analyses over €6 billion in properties per month to identify investment opportunities. The IMMO team then physically inspects selected homes collecting over 300 data-points using the company’s proprietary inspection app to make an offer. Post purchase, IMMO upcycles the properties into modernized, beautiful homes that are offered to residents via their “living-as-a-service” rental platform at affordable prices and 52% less carbon footprint than a full redevelopment.
Having experienced 1,200% growth in the last 6 months, IMMO has now partnered with some of the largest global investment managers to invest into SFR across many European markets. In addition to accelerating the company’s geographical expansion within its offices in London, Hamburg, Cologne, Berlin, Madrid, and Delhi, this funding will fuel the growth of IMMO’s technology and operations through investment in talent acquisition in all offices globally. IMMO is Europe’s first technology-led residential real estate investment platform designed to create portfolios of quality from existing single-family rental (SFR) assets at scale and at speed. The company has built a unique capability in the form of an end-to-end service solution, providing investor clients with everything from sourcing, acquisition, and portfolio management through to lettings and property management, in order to drive performance and maximize returns.