Berlin, 17.03.2021. Casavo, the leading Southern European proptech platform, announces a new capital raise of 200 million EUR, bringing total capital raised to date to 385 million EUR including debt and equity. Casavo’s aim is to become the leading digital platform for the residential real estate market in Europe, digitizing all aspects of real estate transactions.
The series C funding round was led by Exor and followed by existing investors Project A Ventures, Greenoaks, 360 Capital and Picus Capital. Project A invested in Casavo early on in 2019 and supported the company on an operational basis in terms of organization building and performance marketing.
Dr. Anton Waitz, General Partner at Project A, says: “It’s been an incredible journey with Casavo so far: Despite the complicated times, Giorgio and his team have created an enormously fast growing company that is on track to become the central platform for selling and buying Real Estate in Italy and Southern Europe. We at Project A are proud backers and excited to support the company on their path ahead.”
Casavo achieved triple-digit growth in 2020 despite the Covid-19 pandemic and expanded its service to the Spanish market. The company purchases, renovates and resells properties with a fully digital experience, benefitting all players in the ecosystem. To date, it has handled more than 1100 real estate transactions to date for a total value in excess of €300 million.