
Surplus Invest
Oskar-Schlemmer-Strasse 23, Munich, Bavaria, 80807, Germany
Overview
Surplus Invest is a Munich-based early stage venture capital firm with a focus on PropTech investments in Europe. We partner with outstanding tech-entrepreneurs and teams who strive to fundamentally change the real estate industry. We share our expertise, we support in tackling challenging roadblocks and we leverage our real estate network to enable our portfolio companies to scale their business successfully. We started out at the end of 2016 investing in B2B SaaS companies across industries and have build up a strong expertise in this area. Now we shift our focus to PropTech to unleash the concentrated expertise of our investors.
- Total investments
- 4
- Lead investments
- 2
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Financial Services
- PropTech
- Venture Capital
Investment portfolio
- IMMO
Participated · Series A · Aug 2020
Immo is a tech-driven residential real estate investment platform that buys and manages single-family rental (SFR) homes at scale. The company uses technology to analyse over €6 billion in properties per month and physically inspects selected homes, collecting over 300 data points via a proprietary inspection app to inform offers. Post-purchase, Immo upcycles properties into modernised homes and offers them to residents through a “living-as-a-service” rental platform. It plans to use the $75M Series B to accelerate expansion across Europe, purchase 10,000 homes backed by $2.5 billion in institutional commitments, and invest in technology and operations through global talent acquisition. Co-founded in 2017 by CEO Hans-Christian Zappel alongside CIO Samantha Kempe and COO Avinav Nigam, Immo has partnered with large global investment managers to invest in SFR across multiple European markets. The company employs 120 people across offices in London, Hamburg, Cologne, Berlin, Madrid and Delhi. Immo Investment Technologies buys residential properties directly from consumers for professional investors, fully renovates and often furnishes them, and provides professional long-term rental management. The company uses virtual 360 viewings, online credit checks and digital contracts to simplify relocations and transactions. Its proprietary IMMO Intelligence combines roughly 300 property-level data points with millions of environmental data points to produce offer prices. In the past year IMMO assessed over 10,000 property leads representing €3.5B and reduced underwriting from days to minutes. The company has raised over €60M in real estate capital for deployment through its platform. It plans to use the new funds to expand into more European markets and develop its full technology suite from acquisitions to asset management. IMMO is a London-based proptech that digitally sources, appraises and acquires single residential units at scale on behalf of institutional investors. Founded in 2017 by Hans-Christian Zappel and Avinav Nigam, the company upgrades acquired units into fully finished, furnished living-as-a-service homes targeting the long-term rental market. IMMO uses proprietary machine learning to assess property leads—having evaluated over 6,000 leads—and an inspection process that collects 281 data points per property combined with millions of environmental data points. That technology reduces underwriting from days to minutes, enabling large-scale direct purchases from sellers for investor portfolios. Financially, IMMO has secured €72M in its latest round (including €11.5M in equity and €60M of capital from real estate investors) and has accumulated €35M in properties since its September 2017 market launch. The company plans to accelerate growth with the new funding and is finalising a second funding round with value-added investors. IMMO also provides professionally managed, high-quality rental homes to tenants as part of its offering.
- ecoworks
Led · Seed · Apr 2020
ecoworks develops AI-powered planning tools, digital twins and industrial prefabrication methods to enable serial, cost-efficient energy renovations of residential buildings. The company was founded in 2019 and is headquartered in Berlin, employing over 130 engineers, architects and digital experts. Its approach packages prefabricated facade modules, roof insulation and PV systems, upgraded windows and services to accelerate retrofit timelines and reduce tenant disruption. ecoworks is currently executing a flagship project in Hagen to upgrade twelve buildings (approximately 15,000 sqm and 192 apartments) to KfW Efficiency House 55, targeting a 36% reduction in final energy demand and about 190 tonnes of CO₂ savings per year. The company previously raised €40 million in 2023 for its AI digital planning solution and now announced a €23 million raise to scale serial renovation at neighbourhood scale. ecoworks states its mission to save one gigaton of CO₂ by 2045 through industrialised renovation techniques.
- JobRocker International
Led · Series A · Nov 2017
JobRocker operates an online job search portal that first matches users' CVs to potential openings using an algorithm and then applies further consulting to connect employers and candidates. The platform presently serves about 30,000 users and works with around 300 companies, including German supermarket chain Metro. The startup is Vienna-based and plans to use new funding for further product development and to expand its team. Specifically, JobRocker intends to open offices in Germany in Munich, Berlin, and Frankfurt. Financially, the company has secured a €1 million Series A and previously raised a €150,000 cash injection last year. The Series A is positioned as the firm's first significant investment to accelerate its expansion.
- Ryte
Participated · Equity · Sep 2017
Ryte operates a Website User Experience Platform and has added a ‘Ryte Website Carbon KPI’ to measure the CO2 footprint of sites using a proprietary algorithm that analyzes site code, average page size, and monthly traffic by channel. The company says it developed the metric with data scientists and environmental experts, including Katharina Meraner (PhD in climate science) and input from ClimatePartner. Ryte aims to make 5% of active websites (about 9.5 million of the 189 million active sites cited) climate neutral by the end of 2023. It also offers customers the ability to offset remaining emissions via a reforestation project in San Jose, Nicaragua and climate certificates. Ryte cites the Shift Project’s finding that the internet and supporting systems account for roughly 3.7% of global greenhouse emissions to contextualize demand. Financially, Ryte raised €8.5 million (~$10 million) in a previously undisclosed round earlier this year to scale its platform and new carbon service. Ryte provides a SaaS platform that helps businesses monitor and improve website quality. The company was founded in 2012 as an SEO tool called Onpage.org and pivoted in 2017 to focus on broader website-quality management, rebranding as Ryte. It serves about 1,500 clients, including BMW, Allianz, and Boston Consulting Group. Ryte raised €6.5 million to prepare for international expansion. The company previously raised a €4.9 million seed round to fuel its post-pivot direction. Ryte is a Munich-based B2B software company founded in 2012 that provides a platform for monitoring, analyzing and optimizing digital assets. The company serves more than 400,000 users and is adding approximately 600 new users per day; it currently employs 62 people. Ryte’s customer base includes companies such as Allianz, Rewe and Sixt, agencies like Jung von Matt and BlueSummit Media, and publishers including Burda and Condé Nast. Management says the company aims to become the “Foundation for Digital Success” and a global market leader. Ryte plans to use external funding to improve and further develop its products and to expand its international presence. Prior to this financing the company had been completely self-financed.