The real estate tech Casavo is ready to land in France

The real estate tech Casavo is ready to land in France

Casavo lands in France. After having collected 400 million euros in loans in July, the proptech startup operating in the real estate sector has announced that it is ready to enter the French market, starting from the capital Paris. The entry into France - which with over 1.2 million transactions per year is one of the largest markets in Europe in terms of volumes - represents a further step in the expansion of Casavo. After starting activities in Portugal last January and having received 400 million euros from a group of investors led by Exor - the holding company of the Agnelli family - the startup founded in 2017 by Giorgio Tinacci now aims to become a reference point for European real estate market. The intention is to reach 5% market share in all key metropolitan areas by 2025.

Casavo was born in 2017 as a platform for the direct purchase of homes with a business model known as " instant buying ". The basic idea was to remove the typical complexities of real estate and maximize the level of transparency in a service known to be rather complex. Over time, the company has evolved into a real market place, where buyers and sellers can meet using the support of the company's partner agency network, and find affordable mortgages thanks to the support of partner banks. According to the data reported by the same company, Casavo currently has more than 5,000 successfully completed transactions under its belt, for a total value of 1.7 billion euros.

"We are thrilled to announce our entry into France and at the same time the acquisition of Proprioo - were the words of CEO Giorgio Tinacci -. We have always seen the country beyond the Alps as the greatest opportunity for the residential market in Europe, given the large volume of transactions. Our goal is to help thousands of French consumers with a simple, safe and advantageous solution to sell or buy a house. "

Along with its entry into France, Casavo has also announced the acquisition of Proprioo, one of the main proptechs on the French market, which will allow Casavo to count on a network of 150 professionals who have been operating on the territory. “The entire Proprioo team - starting with the founders Simon Primack and Henri Pagnon - has worked so far in an excellent way, pursuing our same mission - continued Tinacci -. We are therefore happy to join forces and continue the journey together ”.