The new round will boost growth within Casavo’s existing markets across Italy, Spain, and other European cities. Casavo will also put the new capital towards technology innovation to enhance user experience and offerings to its customer-base.
Leading Italian proptech platform, Casavo, has raised €200 million in capital, bringing its total capital raised to date to €385 million including both debt and equity.
Exor Seeds led the series C equity Round, raising €50 million. Exor Seeds is the early-stage investment arm of Exor, a holding company run by the Agnelli family and operates a number of companies including PartnerRe, Ferrari, Stellantis, CNH Industrial, Juventus FC, and The Economist Group.
Noam Ohana, Managing Director of Exor Seeds, said:
“Casavo is emerging as the European PropTech category leader and we are thrilled to partner with Giorgio and his team and use the full depth of Exor’s global platform to build a European champion.”
On the new round, Giorgio Tinacci, Founder and CEO of Casavo, said:
“We’re excited to welcome Exor as a long-term partner to change the way people sell, live, and buy homes in Europe. We are proud to benefit from their entrepreneurial heritage while sharing the same innovative vision.”
Casavo grew exponentially in 2020 thanks to its focus on a completely digital real estate searching, buying, renting, and selling experience. Perfect for a lockdown-world.
Tinacci further explained:
“The new round will accelerate our growth across our existing markets in Italy and Spain as well as in other European cities, helping thousands of home sellers and buyers. The equity proceeds will allow us to continue investing in our team and technology to deliver the best user experience for our customers. Finally, the facility secured from Goldman Sachs represents a strategic milestone for Casavo to finance at scale our real estate transactions on the institutional debt market.”
Casavo will grow its real estate inventory with the help of a secured facility of up to €150 million from Goldman Sachs.
Simone Verri, a Partner at Goldman Sachs and Global Co-Head of Debt Capital Markets, said:
“We are very excited to be able to support Casavo’s growth at this very important juncture. This facility fits our strategy of supporting innovative and differentiated high-quality platforms globally.”