Casavo, the European real estate platform, has announced the acquisition of Casando Agency, an Italian real estate brokerage. The acquisition doubles Casavo’s agent network in Italy and positions the company amongst the leading real estate brokerage platforms in the country. The transaction was funded through a capital increase of over €12 million, supported by existing shareholders, alongside a small consortium of new investors.
This deal marks an important step in Casavo’s long-term European growth strategy, with the company targeting more than €50 million in revenue by 2030, considering only organic development and excluding additional acquisitions.
By integrating Casando Agency into its platform, Casavo will provide agents with access to its proprietary technology, brand, and operating infrastructure. The integration will also support the expansion of Casavo’s Instant Offer service, which allows homeowners to sell their property in as little as 30 days.
Victor Ranieri, General Manager of Casavo, said, “This acquisition is part of our broader strategy to build a fully integrated, technology-driven real estate platform that helps agents increase productivity, generate more business opportunities, and reduce operational complexity. We were particularly impressed by the strong cultural alignment between the two companies and by Casando Agency’s deep knowledge of local markets.”
Charlie Cinolo, Co-founder of Casando Agency, said, “This transaction allows us to accelerate our European growth ambitions by leveraging Casavo’s presence in France and its strong investor base. Casavo’s proprietary technology, Instant Offer service, and managerial expertise make it the ideal partner to scale our direct agent network.”
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*Offer ends on Friday, 7th February.
