Funding round
Casavo Series C
Casavo, which works in real estate transaction services in Milan, raised $60M in a Series C round announced on 17 Mar 2021, led by Exor Seeds. 8 firms took part. It is Casavo's second venture round on record; the one before was a Series B in Oct 2019.
$60M
Amount raised
50,000,000 EUR converted
Not disclosed
Post-money valuation
8
Investors
1 lead
Valuation
What this round says about the price
Casavo did not disclose a valuation in this round. It came 17 months after Casavo's Series B. It is 9.5% of the $627M Casavo has raised in the venture rounds on record. Casavo raised again 16 months later: a Series D round of $102M in Jul 2022.
Casavo's funding rounds
Casavo has 4 venture rounds on record and 3 other deals. This one is highlighted.
- Series B 10 Oct 2019, led by Greenoaks Capital $55M
- Debt not a venture round 17 Mar 2021 $179M
- Series C this round 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
Exor Seeds led the round with 7 other firms.
Lead investor
- Exor Seeds new investor
Also in the round
- Greenoaks Capital new investor
- backs 64 venture-backed companies new investor
- backs 59 venture-backed companies new investor
- backs 108 venture-backed companies new investor
- backs 19 venture-backed companies new investor
- ITALIA 500 new investor
- backs 28 venture-backed companies 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
The closest in time, other companies' Series C rounds in Real Estate - Agents & Managers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Real Estate - Agents & Managers | 3 Feb 2021 | $29M | not disclosed | VNV Global and Real Web |
| Real Estate - Agents & Managers | 20 Jul 2021 | $80M | not disclosed | Fifth Wall and General Global Capital |
| Pacaso Real Estate - Agents & Managers | 14 Sep 2021 | $125M | $1.50B | SoftBank Vision Fund and Maveron |
| Real Estate - Agents & Managers | 10 Sep 2020 | $69M | not disclosed | Revolution |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Casavo raise in its Series C round?
Casavo raised $60M in its Series C round, announced in Mar 2021.
Who led Casavo's Series C round?
Exor Seeds led it, with Greenoaks Capital, Project A, 360 Capital, Picus Capital and P101 and 2 more.
What was Casavo's valuation at the Series C round?
It was not disclosed.
Did Casavo raise again after this round?
Yes: a Series D round in Jul 2022 of $102M.