Italian proptech leader Casavo announces its Series C Round, raising 200M€
We love a good Seed-to-Expansion story ! A 360 Portfolio company since our first investment in 2018, Italian instant-buying leader Casavo just announced a new 200M€ funding round (equity and debt included).
The Series C equity round was led by Exor Seeds, marking its first lead investment in an Italian startup. Existing investors Greenoaks Capital, Project A Ventures, 360 Capital, and Picus Capital continue to support the company. New investors joining Exor include P101 and related funds (including ITALIA 500 from Azimut Libera Impresa), and Bonsai Partners, the Spanish VC fund investing in tech opportunities across Europe. The round is supported by a 150M€ financing line offered by Goldman Sachs.
Casavo achieved triple-digit growth in 2020 as the company provides customers with a superior digital user experience, reducing the average time to sell a home from 6 months to less than 30 days, and benefitting all players in the real estate ecosystem.
“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” said Giorgio Tinacci, Founder and CEO of Casavo. “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.”
Read more in the press below!