Casavo constructs €400M warchest to help people sell, buy homes in Europe

Casavo
Image credits: Casavo

Casavo, a Milan-based proptech company redefining the home-buying experience, announced that it has secured a massive €400M in a Series D funding round. 

Who invested?

The €100M equity fundraise was led by Exor. New investors include, among others, Neva SGR (Intesa Sanpaolo Group), Endeavor Catalyst, Hambro Perks, Fuse Venture Partners, as well as angel investors such as Sébastien de Lafond (founder of MeilleursAgents), participated. 

Further, all existing investors including Greenoaks, Project A Ventures, 360 Capital, P101 SGR, Picus Capital, and Bonsai Partners participated in the Series D round. 

The €300M was provided in the form of debt capital from Intesa Sanpaolo, Viola Credit, and other leading institutional lenders. 

“We feel honored to strengthen our relationship with Exor, following their initial investment last year, and welcome all new investors alongside our supporting existing shareholders,” says Giorgio Tinacci, Founder and CEO of Casavo. 

He adds, “This combination of equity and debt is a recognition of our relentless focus on sustainable growth and confidence in our long-term vision. The round will allow us to consolidate our leadership in Europe by growing across our existing markets in Italy, Spain, and Portugal, while expanding into new ones, with France being a priority. We’ll continue investing in our mission to simplify the way people sell and buy homes, which has evolved from a pure home-buying platform to a leading next-generation European residential marketplace.”

The Italian company will use the funds to expand its operation to France. 

Digital residential platform

Founded in 2017 in Milan by Giorgio Tinacci, Casavo aims to free people from the complexity of selling and buying homes leveraging its proprietary technology. 

 Initially started as a home-buying platform a business known as “Instant Buyer,” the company has since evolved into an innovative marketplace.

The platform enables people to sell or buy homes while being fully supported at every step of the process. To date, Casavo has executed €1+B in transactions.

Sellers can receive a direct purchase offer from Casavo, or find the perfect buyer on the market through its network of partner agents. 

Buyers have access to an exclusive inventory of ready-to-move-in properties, a curated user experience, and integrated services such as mortgages. 

Casavo’s platform also connects real estate operators, including brokers, banks, and renovation companies, generating value for all stakeholders within the ecosystem.

“Casavo is becoming the clear European PropTech leader and we are excited to continue the journey with Giorgio. Despite turbulent market conditions, the team has executed extremely well to date and we are optimistic about the future,” says Noam Ohana, Managing Director of Exor Seeds.

Casavo currently operates in Italy (Milan, Rome, Turin, Florence, Bologna), Spain (Madrid, Barcelona, Malaga, Seville), and Portugal (Lisbon), rapidly expanding into other European markets.

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