Casavo Revenue, Valuation, Funding & Investors
Casavo is valued at $460M as of July 2022, a 12.1x multiple on its last reported $38M revenue.
Last Casavo valuation
$460M
Series D · Jul 2022
Last Casavo funding round
$14M
Undisclosed stage · Apr 2026
Casavo revenue
$38M
Series D · Jul 2022
Key investors in Casavo
Picus Capital
360 Capital
Project A Ventures
Greenoaks
Exor Ventures
Rancilio Cube Sicaf
About Casavo
Casavo is a proptech iBuyer platform operating in Italy, Spain, and Portugal. It buys homes directly from sellers using instant valuations and handles renovations, then resells with guarantees. Milan-headquartered since 2017, Casavo partners with banks and agents across cities like Milan, Madrid, and Lisbon for streamlined transactions.
Founded
2017
HQ
MilanWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Product sales, Subscription
Revenue
$38M (Jul 2022)
Valuation
$460M (Jul 2022)
Casavo Valuation
Casavo is currently valued at $460M, based on its Series D in July 2022.
The $102M round was led by Exor Ventures.
Casavo valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2022 | Series D | $460M | 12.1x |
Casavo Revenue
Casavo's latest recorded revenue is $38M, as of its Series D in July 2022. At a $460M valuation, that implies a 12.1x revenue multiple.
Casavo revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2022 | $38M | $460M | 12.1x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Casavo Funding History
Casavo has raised a total of $274M across 9 funding rounds.
Casavo's first fundraising round was a $600K pre-seed round in September 2017. The most recent completed round was a $14M undisclosed-stage round in April 2026.
Casavo funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Apr 2026 | Undisclosed stage | EVRG 18; Project A Ventures; Picus Capital; Salica Investments | $14M | - | - |
| Aug 2024 | Series D | UniCredit (lead); 360 Capital; Neva SGR; EXOR; Project A Ventures | $22M | - | Casavo is an Italian proptech company that originated as an instant buyer of residential real estate in Southern Europe, including Italy, Spain, and France, but transitioned to a sustainable marketplace model starting in 2023 to achieve scalability and financial sustainability. This shift reduced its balance sheet from holding inventory to an asset-light operation, cutting costs by 72% and enabling more predictable revenues and cash flows. In 2024, Casavo recorded consolidated revenues of €33 million, primarily from the marketplace model which grew 25% year-over-year, while serving over a thousand sellers and buyers and distributing €2.3 million in commissions to partner real estate agents. The queried funding round around June-August 2024 aligns with references to a €20-22 million raise led by UniCredit, continuing Casavo's path toward profitability amid challenges like rising interest rates. This followed Casavo's completion of selling residual inventory (98 units worth €36 million at end-2023) in H1 2024 and prior 2023 turnover of €225 million. Casavo achieved a 31% revenue increase in H1 2025 vs. H1 2024 and targets over 50% year-on-year growth in 2025, aiming for financial sustainability by Q4 2025 and profitability by 2026. It plans to expand its agent network, digitalize transactions, and test hybrid models involving investor-funded property purchases. Cumulative since 2017, Casavo served nearly 7,000 customers and raised over €800 million in equity and debt from investors including those listed. |
| Dec 2022 | Series D | UniCredit (lead) | $11M | - | - |
| Jul 2022 | Series D | Exor Ventures (lead) | $102M | $460M | Casavo is an Italian proptech company founded in 2017, initially operating as a home-buying iBuyer platform similar to Opendoor, which has evolved into a broader residential marketplace enabling homeowners to sell or buy properties instantly, with services including proprietary valuation tools, renovations, and now accounting for over 25% of transaction volume from its newer marketplace model. On July 19, 2022, Casavo raised €100 million in a Series D equity round led by Exor Ventures, marking Europe's largest proptech equity financing at the time, with participation from new investors Neva SGR (Intesa Sanpaolo Group), Endeavor Catalyst, Hambro Perks, Fuse Ventures Partners, angel Sébastien de Lafond, and existing backers like Greenoaks, Project A Ventures, 360 Capital, P101 SGR, Picus Capital, and Bonsai Partners. The equity round was accompanied by up to €300 million in debt from Intesa Sanpaolo, Viola Credit, and others, boosting total borrowing capacity beyond €500 million. TechCrunch estimated the post-money valuation at over $400 million, more than double the previous $194 million valuation from February 2021, while Exor's 2022 shareholder letter confirmed their stake increased to nearly 20% through the €100 million investment, granting a second board seat. The funding aimed to consolidate operations in Italy, Spain, and Portugal, expand into new markets like France, broaden the platform for sellers and buyers, and support scaling the home-buying business amid challenging capital markets. By then, Casavo had executed over €1 billion in transactions. Exor highlighted Casavo's strong execution and transition from their Ventures portfolio to a core company, later supporting a 2023 revised business plan for profitability and a shift to an asset-light model. Subsequent developments included a pivot away from pure iBuying toward a hybrid marketplace and mortgage brokerage, with a $20 million raise in August 2024 led by UniCredit alongside Exor and others, strengthening ties like integration of Casavo's valuation tool into UniCredit SubitoCasa. |
| Mar 2021 | Series C | Exor Ventures (lead); Greenoaks; Bonsai Partners; 360 Capital; P101; Project A Ventures; Picus Capital | $59M | - | Casavo is an Italian proptech startup founded in 2017 that operates as an instant buyer and residential marketplace platform, allowing homeowners to sell properties quickly (under 30 days) and offering services like renovations, self-scheduled visits, and broker partnerships across Italy, Spain, France, and previously Portugal. The company had executed over 1100 transactions worth more than €300 million by early 2021 and aimed for triple-digit growth that year. By mid-2022, it had sold 3,200 properties for €1 billion aggregate value and listed nearly 4,000 homes. The specified March 2021 round matches descriptions of a €50 million Series C equity raise with investors including Exor Ventures (lead in later rounds but aligned), 360 Capital, Bonsai Partners, Greenoaks, P101, Picus Capital, and Project A Ventures, though exact investor list confirmation varies slightly across sources. Some reports describe a €200 million raise around March 2021 including debt (e.g., from Goldman Sachs), bringing total capital to €385 million. Casavo raised a €400 million Series D in July 2022 (€100 million equity led by Exor, €300 million debt), with valuation implied over $400 million (more than double prior $194 million). The company shifted to a leaner marketplace model by 2023-2024, secured €13 million in December 2024, cut jobs in 2023 amid market challenges, exited Portugal, acquired Proprioo in France, and projects profitability by Q4 2025 with 50%+ growth. |
| Oct 2019 | Series B | Greenoaks (lead); 360 Capital; Project A Ventures; Picus Capital | $56M | - | Casavo is an Italian PropTech company founded in 2017 by Giorgio Tinacci, operating as an instant buyer and later transitioning to a marketplace model for real estate sales in Italy, Spain, and France. It offers smart solutions for selling and buying homes, including complementary services like mortgage brokerage, and has served nearly 7,000 customers while raising over €800 million in equity and debt. The company has collaborated with banks, real estate agencies, and distributed millions in commissions to agents. In 2019, around the time of the queried VC round involving Greenoaks (lead), 360 Capital, Picus Capital, and Project A Ventures, Casavo achieved revenue over €7 million, marking explosive growth from zero in 2017. This period reflected typical startup dynamics with rapid revenue expansion, negative profits, and asset growth to over €30 million, amid multiple funding rounds totaling hundreds of millions for the largest Italian startup at the time. Transaction volume increased significantly, setting the stage for later scaling to over 1,100 transactions worth €300 million by 2021. Post-2019, Casavo continued fundraising, including larger rounds like €102.59 million Series D in July 2022 at $400 million valuation with some overlapping investors, and €20 million in 2023 led by UniCredit. Revenue scaled dramatically to €216-225 million in 2022-2023 (consolidated turnover), €33 million in 2024 under the asset-light marketplace model (up 25% YoY in that segment), with goals for 50%+ growth and profitability by Q4 2025. It served over 3,200 customers in 2023 and reduced costs by 72%. The 2019 round details like exact size (~$55.8M suggested in query) and valuation remain unconfirmed in sources, but fit into a trajectory of 12+ rounds totaling nearly $797 million by 2022, with ongoing capital raises like €13 million in December 2024 from main shareholders to fuel marketplace expansion and agent network growth. |
| Feb 2019 | Series A | Project A Ventures (lead); Boost Heroes; Marco Pescarmona; 360 Capital; Kervis Asset Management; Picus Capital; Rancilio Cube Sicaf | $8M | - | Casavo is Italy's first instant buyer of residential real estate, using an automated valuation system to make immediate purchase offers and complete cash payments to sellers within 30 days, compared to the market average of seven months. The company renovates acquired properties and resells them, operating initially in Milan and Rome with plans to expand to Turin and Florence. By February 2019, Casavo had closed more than 50 deals and grown from two to 30 employees. |
| Mar 2018 | Seed | 360 Capital (lead); Picus Capital (lead); Loric Ventures; iStarter; Rancilio Cube Sicaf | $2M | - | - |
| Sep 2017 | Pre-seed | Picus Capital (lead) | $600K | - | - |
Who has invested in Casavo?
18 investors have backed Casavo across its funding rounds, including Picus Capital, 360 Capital, Project A Ventures, Greenoaks, Exor Ventures and Rancilio Cube Sicaf.
Lead investors include UniCredit, Exor Ventures, Greenoaks, Project A Ventures, 360 Capital and 1 other investor.
Casavo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Munich | 6 | Lead | Sep 2017 | |
 France | 5 | Lead | Mar 2018 | |
| Berlin | 5 | Lead | Feb 2019 | |
 San Francisco, CA | 2 | Lead | Oct 2019 | |
| Milan | 2 | Lead | Dec 2022 | |
 Amsterdam | 2 | Lead | Mar 2021 | |
| Milan | 2 | Participant | Mar 2018 | |
| Berlin | 1 | Participant | Mar 2018 | |
 Madrid | 1 | Participant | Mar 2021 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} EVRG 18 | -- | 1 | Participant | Apr 2026 |
| Milan | 1 | Participant | Feb 2019 | |
| Marco Pescarmona | Italy | 1 | Participant | Feb 2019 |
| Turin | 1 | Participant | Aug 2024 | |
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Start Free TrialAcquisitions by Casavo
Casavo has acquired 3 companies to date.
Last acquisition by Casavo was on April 13th 2026. Casavo acquired Casando Agency for undisclosed valuation.
Latest Acquisitions by Casavo
| Description | Casando Agency is an Italian proptech firm that performs property valuations and uses AI processes to handle real estate buying and selling. | Proprioo is a fully digital real estate sales service operating across Île-de-France, Lyon, and Bordeaux regions in France. It provides end-to-end support from property estimates to notary closings for a flat fee of 1990 euros, slashing traditional agency commissions by a factor of ten. | - |
| HQ Country | | | |
| HQ City | Milan | Paris | - |
| Deal Date | 13 Apr 2026 | 4 Oct 2022 | 14 Oct 2020 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
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Casavo Competitors
Casavo competitors include listed companies like Gloo and GA Technologies, and private ones like Slice, Measurabl, Hover and DoorLoop.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| New York City, NY | Private | - | - | $299M | - | |
| United States | Publicly listed | $95M | ($136M) | $449M | 3.0x | |
| San Diego, CA | Private | - | - | $433M | - | |
| San Francisco, CA | Private | $70M | - | $490M | 7.0x | |
| Miami, FL | Private | - | - | $500M | - | |
 Japan | Publicly listed | $1.6B | $84M | $361M | 0.2x |
Casavo Public Comps
Casavo is still privately-owned, but its public comps include trivago, Gloo, Wirtualna Polska, En, eDreams ODIGEO, Stitch Fix, GA Technologies, BiNBiN, Nerdwallet and Hypoport.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $632M | $13M | 0.5x | 0.5x | 24.3x | 10.9x | |||
| $95M | ($136M) | 5.0x | 3.0x | (3.5x) | (11.4x) | |||
| $585M | $102M | 1.4x | 1.3x | 8.1x | 5.6x | |||
| $380M | $45M | 0.7x | 0.8x | 6.2x | 5.5x | |||
| $770M | $161M | 1.1x | 1.1x | 5.4x | 5.3x | |||
| $1.3B | ($11M) | 0.2x | 0.2x | (25.2x) | 5.4x | |||
| $1.6B | $84M | 0.3x | 0.2x | 5.2x | 4.2x | |||
| $11M | ($12M) | 30.9x | - | (27.8x) | - | |||
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Common questions about Casavo
| When was Casavo founded? | Casavo was founded in 2017. |
| Where is Casavo headquartered? | Casavo is headquartered in Milan, Italy. |
| Is Casavo publicly listed? | No, Casavo is a private, VC-backed company. |
| What is Casavo's valuation? | Casavo was last valued at $460M in its Series D in July 2022. |
| How much funding has Casavo raised? | Casavo has raised $274M across 9 funding rounds. |
| What was Casavo's last funding round? | Casavo's last funding round was a $14M undisclosed-stage round in April 2026. |
| Who are Casavo's investors? | Casavo's investors include Picus Capital, 360 Capital, Project A Ventures, Greenoaks, UniCredit, Exor Ventures, Rancilio Cube Sicaf, Loric Ventures, Bonsai Partners, EVRG 18 and 8 others. |
| What is Casavo's revenue? | Casavo's latest recorded revenue is $38M (July 2022). |
| What is Casavo's revenue multiple? | Casavo's latest valuation implies a 12.1x revenue multiple ($460M valuation on $38M of revenue). |
| Which companies are comparable to Casavo? | Companies comparable to Casavo include Slice, Gloo, Measurabl, Hover, DoorLoop and GA Technologies. |
| How many companies has Casavo acquired? | Casavo has acquired 3 companies, including Casando Agency, Proprioo and Realisti.co. |
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