Casavo, the proptech aims to change the way people buy, sell and move homes, announces the closing of a new round of financing from 40 million euros received in their entirety from group D. AND. Shaw, institutional investor with more than 60,000 billion dollars under management. In this way, it provides Casavo with a new line to finance the development of its business in Spain, since the entire capital will be dedicated exclusively to the acquisition of residential properties in our country. This additional round raises 450 million euros in financing obtained by the company to date.

After managing to triple the total of real estate operations in Spain in 2020 so far this year, Casavo improves the expectations set for 2021 and achieves this new line of financing that aims to consolidate its business in the capital and promote an expansion that materialized in the past September with the opening of its new headquarters in Barcelona. The objectives set in Spain go through end 2021 exceeding 200 completed real estate transactions, a growth that is much higher than initially expected given the good performance obtained in the Spanish market, which seems to be recovering at a good pace after the pandemic.

The general director of Casavo in Spain, Francisco Sierra, indicates that “We are very satisfied with this new specific financing for Spain, which will allow us to continue growing and improving our proposal. In addition, this year we have optimized our activity extensively going from buying flats in 30 days to doing it in just 7, adding more liquidity to the Spanish real estate market. “

This improvement is explained not only by the optimization of internal processes, but also by the expansion of the team, which so far this year it has tripled to more than 30 people on the staff. “Casavo’s ambition continues to be to make life easier for those who want to sell their house. Although our commitment is to buy the home within a maximum period of seven days, we work putting the user at the center so that the experience is not only fast but also as simple and comfortable as possible. For this we have strengthened our team, mainly in the Investment area, guaranteeing an optimal and satisfactory experience for our clients.” it states Saw.

For its part, ArcanoBlueBull, Arcano’s specialized Tech M&A division, has acted as Casavo’s exclusive financial advisor in obtaining financing through the DE Shaw group. With this operation, Arcano continues to consolidate itself as a reference advisor in financing operations with a technological focus and high growth, as shown by the recent operations of Allfunds and WOBI.

Casavo lands in Barcelona with an investment plan of more than 100 million euros

Casavo began operating in Barcelona last month, thus consolidating its presence in Spain. With a local team made up of 5 people that will increase until 20 and a headquarters next to Plaça de Catalunya, the company confirms its bet on the Catalan market with an ambitious growth plan that hopes to increase the number of sale and purchase transactions in the city to a hundred in the coming months.

“Barcelona is a strategic city for Casavo, a very fragmented real estate market that is geographically limited in order to build new work, so the need for reform is greater. With this new opening we want to provide liquidity to the sector, streamlining the sale of homes thanks to technology and professionalizing the complex process of reforms ”, concludes Saw.

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