Casavi closes financing round

The start-up is receiving 20 million euros. One of the participants was an initiative of the Bavarian state government.

The Munich-based start-up Casavi has raised 20 million euros in its Series B financing round. The company offers an online solution for real estate management and administration. Investor Digital+ Partners, Wachstumsfonds Bayern managed by Bayern Kapital and High-Tech Gründerfonds (HTGF) led the round. The portfolio investors Dquadrat and Wenvest also participated again.

After initial projects with international customers, Casavi wants to use the money to open up further markets in Europe. In addition, the company plans to expand the platform with new offerings. Casavi wants to create a total of more than 50 additional jobs at all locations. Managing Director Peter Schindlmeier explains the company's concept: "With Casavi, we have established a platform geared to the specific requirements of the real estate industry, enabling the digital networking of its stakeholders in a scalable way for the first time."

With the Bavarian Growth Fund, an initiative of the Bavarian state government supports the company. "Innovative high-tech start-ups rely on significant venture capital investments to maintain and expand their market position internationally," says Bavaria's Minister of Economic Affairs Hubert Aiwanger. With the Bavarian Growth Fund, managed by Bayern Kapital, the state wants to support innovative technology leaders like Casavi, he said.

In 2015, Schindlmeier, Oliver Stamm and David Klötzer founded Casavi GmbH. The company employs 75 people in Munich, Frankfurt and Berlin. Casavi's online platform is intended to be a link between parties active in the real estate industry. Housing companies and building managers can contact residents through it. For example, there are service apps for tenants and owners as well as a digital service provider platform. Around 1,000 property managers and housing companies are using the cloud solution. They use the platform to manage more than 1.6 million residential units and 70,000 buildings in Germany, Austria and Switzerland.