Categories: Tech

Casavo collects 400 million euros

CasavoPropTech platform for those who sell and buy home, announces that they have received a 100 million euro series D loan, for a capital raised in total of 400 million. In this way it will be able to continue growing in Europe. And look even further.

Casavo, the platform collects 400 million euros

Il 100 million euro Series D financing round shows that many believe in this project. The round was led by Exor NV. Among the new investors Neva SGR (Intesa Sanpaolo Group), Endeavor Catalyst, Hambro Perks, Fuse Ventures Partners, oltre an angel investor like Sébastien de Lafond (founder of MeilleursAgents). In addition, all investors already in equity participated, such as Greenoaks, Project A Ventures, 360 Capital, P101 SGR, Picus Capital e Bonsai Partners.

Giorgio Tinacci, Founder and CEO of Casavo comments: “We are delighted to strengthen our relationship with Exor following their initial investment last year, and to welcome all new investors alongside our current shareholders. This extraordinary operation is recognition of our continued focus on sustainable growth and our long-term strategy. This round will allow us to consolidate our leadership in Europe through further growth in Italy, Spain and Portugal, and will allow us to expand our business into new markets, with France as a priority. We will continue to invest in our mission to simplify the way people sell and buy homes, continuing the evolution path from Instant Buyer in a new generation residential marketplace “.

The Casavo team

Noam Ohana, Managing Director of Exor Seeds declares: “Casavo is becoming the undisputed leader in Europe in the PropTech sector and we are excited about ccontinue the journey with Giorgio. Despite the turbulent market conditions, the team has done very well to date and we are optimistic for the future ”.

An integrated platform for those who sell and buy a home

In addition to the direct investment round, an asset-backed loan of 300 million euros arrives. This also includes an additional 190 million euros to expand. Among investors Intesa Sanpaolo (IMI Corporate & Investment Banking Division), in addition to the current ones Goldman Sachs e D.E. Shaw & Co.

These resources allow Casavo to continue its mission, active since its foundation in 2017. Those who buy and sell homes online can take advantage of the “Instant Buying“, Making the sale transparent and fast. Over the years, Casavo has traded for over 1 billion euros.

In addition to the immediate sale, you will find additional services such as Casavo Mortgage. A simple and tech way to buy and sell a house. Find more information on the official website.

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Walker Ronnie

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