Casavo, the leading European PropTech platform redefining home-selling and buying, announced a €400 million fundraise. The latest €100M million Series D equity round proves the strong fundamentals and prospects of the business despite the difficult capital market conditions. The additional €300 million debt brings the company’s borrowing capacity to €500+ million, securing enough resources to scale its home-buying business for the coming years.
Casavo also concluded a new restructuring of the securitisation programme implemented in 2021, which saw the entry of new lenders and an increase in their financing under the programme
The proceeds of the increase of the securitisation programme will be used to finance Casavo’s business in Spain.
White & Case advised Goldman Sachs Bank Europe and the other senior lenders on the restructuring and €150 million increase of the senior tranche of the securitisation programme with partners Gianluca Fanti and Giuseppe Barra Caracciolo (both Milan), Tom Falkus (London) and Fernando Navarro (Madrid) and associates Riccardo Verzeletti, Marco Cattani (both Milan), Sylvia Julius (London) and Alfonso García Freire (Madrid).