Local media outlet Milano Fianza is reporting that the Italian iBuyer Casavo lost €53 million from operations in 2022 despite revenues jumping to €300 million.
Casavo is a leading iBuyer in its native Italy as well as in Spain and in France via its 2022 acquisition of alternative brokerage firm Proprioo.
Having made waves with a Series D round worth €400 million and an expansion into Portugal last year, Casavo has since exited the Portuguese market and laid off 30% of its employees as the business battles against rising interest rates and sluggish housing markets.
When it cut jobs in February, the company said that the move would allow it to reach profitability without having to raise more funds. That now appears to be in question after local media reported that Casavo was again seeking to raise money from investors.
This week's funding and investment roundup begins with a major acquisition in Latin America... Latin America: Colombian iBuyer Habi...
Read More
Lifull has kicked off FY2026 with a sharp uptick in profitability, as momentum in its domestic HOME'S Services business and...
Read More
This week's Product Roundup starts with major real estate portals launching ChatGPT integrations worldwide... ChatGPT Integrations Redfin Home searchers...
Read More
The United States' largest real estate marketplace, Zillow, has published its financial results for the fourth quarter of 2025 and...
Read More
