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Casavo•16 April, Lara Bonalume
A new capital raise to change the way people sell, live and buy homes in Europe
We are thrilled to announce that we have raised an additional €200 million of capital, bringing the total capital raised to date to €385 million, including debt and equity. This important achievement allows us to grow and keep pursuing our mission to change the way people sell, live and buy homes in Europe.
The new round
€50 million was raised in a series C equity round, led by Exor Seeds, marking its first lead investment in an Italian startup. Exor Seeds is the early-stage investment arm of Exor, supporting emerging companies that show potential to be category leaders. Exor is a diversified holding company controlled by the Agnelli family and owner-operator of companies such as PartnerRe, Ferrari, Stellantis, CNH Industrial, Juventus FC and The Economist Group.
Already existing investors including Greenoaks Capital, Project A Ventures, 360 Capital, and Picus Capital continue to support us. New investors have also joined, including P101 and related funds (including ITALIA 500 from Azimut Libera Impresa), and Bonsai Partners, the Spanish VC fund investing in tech opportunities across Europe.
Moreover, we secured an additional €150 million in facility financing from Goldman Sachs.
A word from our investors
Noam Ohana, Managing Director of Exor Seeds stated: “Casavo is emerging as the European PropTech category leader and we are thrilled to partner with Giorgio and his team and use the full depth of Exor’s global platform to build a European champion.”
“We are very excited to be able to support Casavo’s growth at this very important juncture,” says Simone Verri, a Partner at Goldman Sachs and Global Co-Head of Debt Capital Markets. “This facility fits our strategy of supporting innovative and differentiated high quality platforms globally.”
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. Finally, the facility secured from Goldman Sachs represents a strategic milestone for Casavo to finance at scale our real estate transactions on the institutional debt market.