PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

IMMO appoints CTO following record-breaking Series B raise

IMMO, a tech-driven residential investment platform, has appointed Him Mandali as its Chief Technology Officer (CTO) following a record-breaking $75 million Series B round.

Mandali, who joins from Solarisbank AG, Europe’s leading banking-as-a-service platform, will be responsible for further developing and enhancing IMMO’s in-house technology-driven investment platform.
 
Mandali’s appointment, which will see him take up a newly created role, follows a year of rapid growth for IMMO. In April, the company raised $75 million in what remains Europe’s largest-ever proptech Series B round, and recently announced plans to spend £2.5 billion acquiring and retrofitting over 10,000 homes across the UK, Germany, Spain & the EU to rent out under IMMO’s living-as-a-service model.
 
Mandali’s appointment comes at a time when IMMO is building out its data science and engineering teams, having grown significantly since the Series B fundraise and nearly doubled headcount to close to 200 staff worldwide. In his new role as CTO, Mandali will also lead on ensuring consistency of standards as IMMO continues to scale its platform. 

During his time at Solarisbank AG, Mandali led and managed globally distributed teams of over 350 engineers, and was responsible for migrating the bank’s systems, products and databases to the cloud – making Solaris the first to do so in Germany.
 

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured