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Casavo Finalises €40-Million Financing Round to Invest in Spain

The proptech firm Casavo will use the financing to acquire residential properties in Spain.

Casavo
Francisco Sierra, Casavo’s general manager in Spain

Casavo has finalised a new financing round worth 40 million euros from D. E. Shaw, an institutional investor with more than 60 billion dollars (51.769 billion euros) of assets under management, the proptech reported Wednesday. ArcanoBlueBull, Arcano’s specialised Tech M&A division, acted as exclusive financial advisor to Casavo in the deal.

Specifically, the investment firm will dedicate the new funds, which brings its total financing to €450 million, to acquiring residential properties in Spain, both in Madrid and other cities.

Francisco Sierra, the firm’s CEO in Spain, said: “We are very pleased with this new financing specifically for Spain, which will allow us to continue to grow and improve our approach.”

Read the full article in Spanish

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