Monday, March 29, 2021

Another Big European VC Round: Italian Property Tech Startup Raises €200 million

It was just a few months ago I was commenting on how few high-eight and nine-figure rounds we were seeing in Europe and now it's six or seven in the last three months.

From EU-Startups:

Italian proptech startup Casavo lands €200 million to change the way people sell, live and buy homes in Europe

Casavo, a leading Italian proptech platform with the mission to change the way people sell, live and buy homes in Europe, announces a new capital raise of €200 million, bringing total capital raised to date to €385 million including debt and equity.

Founded in 2017 in Milan, Casavo has developed an innovative and unique business model: a technological platform called ‘Instant Buyer’ that submits direct offers to buy homes, and, after renovation, finds the final buyers. Founded by Giorgio Tinacci, Casavo aims to change the way people sell, live and buy homes in Europe. The company has handled more than 1100 real estate transactions to date for a total value in excess of €300 million. With a team of 200 people, Casavo is currently operating in Milan, Rome, Turin, Florence, Bologna, Verona, and Madrid. With its core being the Instant Buyer service, Casavo is further expanding its marketplace product offer to cover all the needs of sellers, buyers and brokers.

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....


Ha! A Paris-Based Startup Becomes A Unicorn
I mentioned last year* we weren't seeing mega rounds in European VC but that they did seem to be getting bigger.....