Funding round
Casavo Series B
Casavo, which works in real estate transaction services in Milan, raised $55M in a Series B round announced on 10 Oct 2019, led by Greenoaks Capital. 5 firms took part. It is Casavo's first venture round on record.
$55M
Amount raised
50,000,000 EUR converted
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Casavo did not disclose a valuation in this round. It is Casavo's first venture round on record, 2 years after it was founded in 2017. It is 8.8% of the $627M Casavo has raised in the venture rounds on record. Casavo raised again 17 months later: a Series C round of $60M in Mar 2021.
Casavo's funding rounds
Casavo has 4 venture rounds on record and 3 other deals. This one is highlighted.
- Series B this round 10 Oct 2019, led by Greenoaks Capital $55M
- Debt not a venture round 17 Mar 2021 $179M
- Series C 17 Mar 2021, led by Exor Seeds $60M
- Debt not a venture round 19 Jul 2022, led by Exor $306M
- Series D 19 Jul 2022, led by Exor $102M
- Growth 25 Jul 2022, led by Exor $410M
- Other not a venture round 14 Apr 2026 $14M
Investors
Who put money in
Greenoaks Capital led the round with 4 other firms.
Lead investor
- Greenoaks Capital new investor
Also in the round
- backs 108 venture-backed companies new investor
- backs 59 venture-backed companies new investor
- backs 64 venture-backed companies new investor
- Kervis Asset Management S.p.A. new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
6 Series B rounds in Real Estate - Agents & Managers within a year either side disclosed an amount; the median was $23M, and this round was 2.4 times the median. The closest in time, other companies' Series B rounds in Real Estate - Agents & Managers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Real Estate - Agents & Managers | 15 Nov 2019 | $18M | not disclosed | Pavilion Capital and Gobi Partners |
| Real Estate - Agents & Managers | 6 Nov 2019 | $16M | not disclosed | DRW |
| Real Estate - Agents & Managers | 7 Jan 2020 | $36M | not disclosed | Navitas Capital |
| Real Estate - Agents & Managers | 24 Jan 2020 | $30M | not disclosed | Mitsubishi Estate Company and Industry Ventures |
| Real Estate - Agents & Managers | 5 Feb 2020 | $23M | not disclosed | not named |
| Real Estate - Agents & Managers | 15 Oct 2018 | $23M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Casavo raise in its Series B round?
Casavo raised $55M in its Series B round, announced in Oct 2019.
Who led Casavo's Series B round?
Greenoaks Capital led it, with Picus Capital, 360 Capital, Project A and Kervis Asset Management S.p.A..
What was Casavo's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Real Estate - Agents & Managers?
6 Series B rounds in Real Estate - Agents & Managers within a year either side disclosed an amount; the median was $23M, and this round was 2.4 times the median.
Did Casavo raise again after this round?
Yes: a Series C round in Mar 2021 of $60M.