The company intends to use the funds to accelerate its expansion across Europe and purchase 10,000 homes backed by $2.5 billion in commitments from leading institutional investors, and accelerate the growth of its technology and operations through investment in talent acquisition in all offices globally.
Co-founded in 2017 by CEO Hans-Christian Zappel who has been acknowledged on the Forbes 30 under 30 list, together with its CIO Samantha Kempe (Blackstone, PwC), and COO Avinav Nigam (Walt Disney, Procter & Gamble), Immo provides a 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 uses technology to buy and manage single family homes at scale. The technology analyses over €6 billion in properties per month to identify investment opportunities. The team then physically inspects selected homes collecting over 300 data-points using the company’s proprietary inspection app in order to make an offer. Post purchase, Immo upcycles the properties into modernised homes that are offered to residents via their “living-as-a-service” rental platform.The company has now partnered with some of the largest global investment managers to invest into SFR across many European markets. Immo employs 120 people in London, Hamburg, Cologne, Berlin, Madrid, and Delhi.13/04/2022
