Casavo Acquires Casando Agency, Secures €12M+ Funding

Italian proptech innovator Casavo has significantly bolstered its strategic expansion plans by acquiring Casando Agency, a well-established Italian real estate brokerage. This move is underpinned by a substantial capital injection exceeding €12 million, earmarked to propel Casavo's ambitious business objectives through 2030.

The acquisition of Casando Agency, which boasts a network of over 60 agents across key Italian metropolises, marks a pivotal step in Casavo's mission to construct a unified, technology-driven property transaction ecosystem. This integration is designed to enhance agent efficiency while simultaneously streamlining operational complexities and reducing associated costs. A core component of this strategy involves deploying Casavo's proprietary 'Instant Offer' service, a unique market proposition aimed at facilitating property sales within a 30-day timeframe.

This capital raise saw robust backing from its principal shareholders, including Project A, Picus Capital, EVRG 18, and Salica Investments, alongside contributions from a select group of new investors. The influx of capital not only facilitates the Casando Agency acquisition but also provides a strong financial foundation for Casavo's broader growth trajectory.

The strategic rationale behind integrating Casando Agency is clear: to extend Casavo's geographical footprint into six major Italian cities previously outside its operational scope. This expansion is projected to grow the combined agent network to over 400 professionals across both Italy and France by 2030. This expansion aligns with a broader trend in the proptech sector, where consolidation and the creation of end-to-end platforms are becoming key differentiators in a competitive market. The Italian real estate market, valued at an estimated €1.5 trillion in property stock, presents significant opportunities for technology-enabled disruption.

Looking ahead, Casavo has set aggressive targets for the 2026-2030 period. The company aims to more than double its agent network, expand its presence into 20 new urban centers, and surpass €50 million in annual revenues by 2030. This expansion into new territories and the deepening of its service offering are critical for achieving these ambitious financial milestones. The integration of traditional agency models with advanced digital tools is a key strategy for many proptech firms seeking to capture market share.

Victor Ranieri, General Manager and Co-Founder of Casavo, emphasized the transformative potential of this integrated approach. By merging Casavo's technological capabilities with Casando's established agency network, the company is positioning itself to redefine property transactions. The focus remains on creating a seamless experience for both agents and consumers, leveraging technology to drive significant improvements in speed, transparency, and cost-effectiveness within the real estate sector.