Casavo Raises Astonishing €400m in Series-D Investment Round

July 19, 2022
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Milan based Proptech startup Casavo has secured a whopping €400 million investment round, with ambitions to expand into the French market in the coming months.

Casavo raised €100m equity from Exor and an additional €300m of debt from Intesa Sanpaolo and Viola Credit, just a year after it secured €200m in its Series C investment round.

Casavo has made great strides since its founding in 2017, flipping houses in Southern Europe. Using its technological platform "Instant Buyer", Casavo uses a dynamic pricing model to evaluate the profit potential for properties on the market, then buys, renovates and sells the most valuable properties for a profit.

The company is already operating in its native Italy, Spain and—earlier this year—Portugal, with CEO Giorgio Tinacci outlining the company's plans to test the Parisian market later this year.

Tinacci, also the founder at Casavo said:

"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, having evolved from a pure home-buying platform to a leading next-generation European residential marketplace."

 

 

July 19, 2022
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

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