CORVEL advised the founder Kai Teute on the merger of DIT Deutsche Immobilien & IT Marketing GmbH (DIT) with Immomio GmbH. Kai Teute participates as a shareholder in the newly formed Immomio venture and becomes a member of the advisory board.
DIT was founded in 2015 by Kai Teute as part of the Equity Seven group of companies and offers mobile applications for the housing industry, such as the tenant app or a reporting tool for analysing the real estate portfolio. In addition, DIT provides comprehensive consulting services in the area of digital property management. DIT serves clients across Europe with a volume of over 650,000 flats.
The current merger with Immomio GmbH will create Germany's largest proptech in residential housing business with more than 1.4 million rental units under management. DIT will continue to operate on the market as a wholly owned subsidiary of Immomio GmbH under the management of Kai Teute and under its own brand.
Immomio offers a digital end-to-end solution for the letting process: From marketing, to prospect management, to the digital rental contract, Immomio offers an end-to-end digital workflow. Immomio customers manage around 800,000 residential units.
At the same time, W&W brandpool GmbH joined Immomio with additional growth capital.
The goal of the merger of the two software companies is to create an interface through which tenants will be able to conduct all communication with the landlord digitally in the future - from the flat search to the conclusion of the tenancy agreement to moving out.
Advisors Kai Teute / Equity Seven Group of companies
CORVEL (Hamburg): Dr. Felix Brammer (Corporate, lead); Tobias Brandenburg (Corporate)
Hamburg, 6 September 2021