Photo: Casavi

20 million euros for Casavi

Casavi has secured €20 million in a Series B financing round. The Munich-based startup plans to use the fresh capital to further expand its product offering and accelerate its growth in Europe. The investment is led by Munich-based Digital+ Partners, along with the Bayern Kapital-managed Growth Fund Bayern and High-Tech Gründerfonds. Existing investors Dürr Proptec and Wenvest also continue to support the company.

Founded in 2015 by Peter Schindlmeier, Oliver Stamm and David Klötzer, Company Casavi has developed a cloud platform for digital property management. According to the company, around 1,000 property managers and housing companies currently use the Munich-based startup's cloud solution. The focus is on core functions such as online transaction management, service apps for tenants and owners, and the digital service provider platform Relay. This is designed to facilitate collaboration with currently up to 55,000 service providers.

Casavi connects all stakeholders in a scalable way

In the future, smooth collaboration between managers, owners, tenants, and service providers will become increasingly crucial for efficient and user-oriented building management. Casavi Managing Director Peter Schindlmeier explains:

"With Casavi, we have established a platform tailored to the specific requirements of the real estate industry, enabling the digital networking of its stakeholders in a scalable manner for the first time. The investment from Digital+, the Bavarian Growth Fund, and High-Tech Gründerfonds underscores our ambition to further strengthen our already excellent market position."

Presence in other European markets

The team of currently 75 employees at its Munich, Frankfurt, and Berlin locations will be expanded by more than 50 additional positions next year. The focus will be on product development in the area of process simplification and automation. The proptech startup also plans to strengthen its presence in other European markets in the coming years. Tim Kindt, Investment Partner at Digital+, commented:

"Property management is a significant economic factor throughout Europe, and there's also a huge need to catch up digitally. Casavi is in an excellent position to significantly shape the digital property management of the future through innovation and customer focus. We are delighted to be able to accompany the Casavi team in its next step of development."

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