Casavo

Casavo is a real-estate startup with a mission to simplify the real-estate market in Italy, by introducing the concept of Instant Buyers.

Casavo is redesigning the  experience of selling and buying homes in Europe leveraging  proprietary technology in each step of the transaction process.

Casavo was founded in 2017 by Giorgio Tinacci. The company is based in Milan, Italy, and has operations in cities across Spain and Portugal.

 

Casavo offers free appraisals to sellers, generates a quick offer, buys it and then renovates it to sell at a profit. Flipping houses in Southern Europe, the startup has gained traction in its native Italy, and Spain and expanded to Portugal this year.

 

Casavo uses its technological platform – ‘Instant Buyer’, to fundamentally change how people sell and buy homes in Europe. It uses a dynamic pricing model to evaluate the financial potential of each home, calculating what the value will be post-refurbishment based on data it has on similar properties.

 

Casavo is listing close to 4,000 homes in Italy, Spain and Portugal and has to date sold some 3,200 properties for an aggregate value of €1 billion.

 

Casavo is backed by Goldman Sachs, Exor, Greenoaks Capital, Project A Ventures, Intesa Sanpaolo, Endeavor Catalyst, Viola Credit, Picus Capital, Hambro Perks, 360 Capital, P101, Fuse Ventures Partners, and others. The company raised €400M ($410M) in Series D, consisting of a €100M in equity and €300M in Debt, financing round on Jul 19, 2022. This brings Casavo's total funding to €699M to date.

 

 

  • Year founded: 2017
  • Funding Info: €699M over 8 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: NA
  • City/Town: Milan
  • State: Lombardy
  • Country: Italy
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