5-year search growth: 13% Search growth status: Peaked Year founded: 2017 Location: Milan, Italy Funding: $776.5M (Series Unknown) What they do: https://casavo.com/ is an online real estate platform designed to help reduce transaction times. Property sellers are provided with a guaranteed price during the offer stage. Once accepted, the company transfers funds to the property owner and closes the deal within a month. Casavo takes a unique look at the property market – and it’s clearly on to something. It offers free appraisals to sellers, generates a quick offer, buys it and then renovates it to sell at a profit. Flipping houses in Southern Europe, the startup has gained traction in its native Italy, and Spain and expanded to Portugal this year. In this part of the continent, the model works well, there are many properties available that have massive potential but are sitting either derelict and/or haven’t changed hands for decades and are in need of some refurbishment. Using its technological platform – ‘Instant Buyer’ – Casavo is fundamentally changing how people sell and buy homes in Europe. It uses a dynamic pricing model to evaluate the financial potential of each home, calculating what the value will be post-refurbishment based on data it has on similar properties. It’s reported that the startup grew its user base 3x in 2021 and the company has handled €1 billion worth of transactions. Casavo, a Milan-based proptech company, has raised €20M in new capital, led by UniCredit, and includes major shareholders like Exor NV, Project A Ventures, Neva SGR, and 360 Capital. The capital raising is an extension of the 2022 Series D round and will support the growth of Casavo's Marketplace business. Casavo, founded in 2017, simplifies real estate transactions by offering instant purchase offers or connecting sellers with buyers through a network of partner agents. The company operates in major cities across Italy, Spain, and Portugal, aiming to make real estate transactions fast, transparent, and hassle-free while collaborating with brokers, banks, and renovation companies. Casavo has undergone a strategic reorganisation to transition from an Instant Buyer to a Marketplace model and achieve financial sustainability by 2025. In 2023, Casavo's consolidated turnover rose to €225M, and it reduced production costs by nearly 40% due to its shift to an "asset-light" business model and focus on core markets. The company aims to expand its customer base and agent network while transforming real estate sales through digitalization and a smart and transparent service.