Casavo Acquires Agency Group, Targets €50M Revenue by 2030

Casavo's continued restructuring took a major step forward this week after the company acquired an estate agency group, Casando, and raised twelve million euros in funding.

Casavo's agent count doubles in the process, adding 60 agents across cities in Italy, positioning the business amongst the leading real estate brokerage platforms in the country. Though terms of the acquisition were not disclosed, Casavo raised twelve million euros, supported by the majority of its current shareholders, to support the deal.

The company also announced that it is targeting organic revenue of fifty million euros by 2030. Interestingly, the company appears to be leaning into its roots as an iBuyer to fuel its growth. The company will double down on its 'Instant Offers' product, providing home sellers the option to sell their home in just thirty days.

A blog post on the company's website said:

The deal marks the beginning of a consolidation strategy across Europe aimed at reaching over €50 million in revenue by 2030 just with organic growth.

A key growth driver will be the expansion of the Instant Offer service, relaunched in 2025 as an evolution of the company’s original Instant Buying model. The new model generates returns for real estate investors while offering sellers a fast and flexible liquidity option.

The transaction was funded through a capital increase of over €12 million, supported by existing shareholders (including Project A, Picus Capital, EVRG 18 and Salica Investments) alongside a small consortium of new investors.

Giorgio Tinacci, Founder and CEO of Casavo, said:

“We believe the European real estate brokerage market is entering a consolidation phase, driven by the shift from franchise models to direct agent networks and by the impact of artificial intelligence on agent productivity. Casavo is uniquely positioned to lead this consolidation thanks to its scalable technology platform, operational expertise, and integrated service offering."

Victor Ranieri, General Manager of Casavo, said:

“This acquisition is part of our broader strategy to build a fully integrated, technology-driven real estate platform that helps agents increase productivity, generate more business opportunities, and reduce operational complexity. We were particularly impressed by the strong cultural alignment between the two companies and by Casando Agency’s deep knowledge of local markets.”

Casavo previously operated in Spain and Portugal but withdrew from both markets when the company hit the 'reset' button on its iBuying activities in Europe and pivoted towards being a private brokerage in Italy, before expanding to France last year.