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M&A
Casavo acquires Proprioo to enter french market
Residential PropTech
Oct 4, 2022
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Residential PropTech

Residential PropTech

Oct 4, 2022

Casavo acquires Proprioo to enter french market

M&A

  • Casavo, an Italian real estate platform that allows users to list, buy, and sell residential real estate, has announced the acquisition of Proprioo, a virtual marketplace and lead generation platform for residential properties, for an undisclosed sum. 

  • Founded in 2016, Proprioo is a France-based platform that allows users to list, buy, sell, and receive agent support services on residential real estate. The platform charges a commission on the sale of EUR 5,000 or 3%-4% on property value. 

  • Through this acquisition, Casavo plans to enter the French residential real estate market and leverage Propioo's presence to support its goal of achieving a 5% market share in France by 2025. 

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