Casavo collects €400m to simplify home-buying and selling

Casavo, a European PropTech platform aiming to redefine home selling and buying, has raised €400m.

The capital is comprised €100m in Series D equity funding, plus an additional €300m in debt secured from Intesa Sanpaolo, Viola Credit and others.

The Series D round was led by Exor, and Casavo said it represents Europe’s largest PropTech financing to date. Existing investors included Greenoaks, Project A Ventures, 360 Capital, P101 SGR, Picus Capital and Bonsai Partners.

The equity round also saw participation from new investors including Neva SGR (Intesa Sanpaolo Group), Endeavor Catalyst, Hambro Perks, Fuse Venture Partners, as well as angel investors such as Sébastien de Lafond (founder of MeilleursAgents).

Founded in 2017, Casavo vision is to free people from the complexity of selling and buying homes. The company began as a home-buying platform, but has since evolved into a marketplace where homeowners can start their selling or buying journey while being fully supported by Casavo.

Giorgio Tinacci, founder and CEO of Casavo, said, “We feel honored to strengthen our relationship with Exor, following their initial investment last year, and welcome all new investors alongside our supporting existing shareholders.

“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.”

Earlier this month, PropTech platform Oper, which enables digital mortgages, raised €11m in its Series A funding round.

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