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

INSUBCONTINENT EXCLUSIVE:
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, and Mato Peric, among others
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 more than 10,000 for-sale apartments in the launch city of Hamburg
residential properties directly from consumers on behalf of professional investors, thereby helping consumers sell their home in a fast,
owners that want to sell their home quickly, with less hassle, and without the expense of using an estate agent
and tech-driven approach to understanding markets and assets, says the Immo co-founder
The resulting asset information is then combined with a hyperlocal market assessment which is based on two automated valuation models that
use historical transaction and lettings data as well as environmental data such as traffic flow, crime statistics, average
school/restaurant/cafe ratings, average Airbnb ratings in the area, social media activity, distance to supermarkets/places of worship, etc
for sellers
such as those operated by OpenDoor, Nested and Casavo
assessing and acquiring property assets
In addition, the company receives a subscription fee for ongoing portfolio management