Wikicasa Gets €3m Funding Round and Plans to Double Staff Numbers

The Italian real estate portal Wikicasa has announced a €3m funding round which the company says will be used to accelerate the portal's growth trend seen in recent years.

Participating in the round were some of Italy's top brokerages including Gabetti Group - with the Gabetti Franchising networks, Grimaldi and Professionecasa - Re / Max, Tecnocasa Group - with the Tecnocasa networks and Tecnorete - and Tempocasa all of whom have previously invested in the portal.

“After this round, others will follow. We have received expressions of interest from leading operators in the sector who consider it more and more strategic not only to purchase technology but to invest directly in it. Brokerage, consultancy and the provision of technical services increasingly pass through the digital channel and we place ourselves as partners for their development ", commented Pietro Pellizzari , CEO of Wikicasa.

Wikicasa has offices in Milan and Genoa and competes in its native market with Immobiliare as well as the Idealista Group which owns Idealista.it and Casa.it. According to the company website, Wikicasa has expects double-digit growth in both revenue and market share over the next year and a half.

As well as doubling its workforce over the next 18 months (currently at 47 according to Linkedin) by adding Business Analysts, Data Scientists and Developers, the company aims to use the funds to double down on the technology it uses to improve data quality and remove duplicates.