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.
By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.