casavi, a Munich, Germany-based online property management platform, raised a seven-figure additional financing round.
Backers included Bayern Kapital, High-Tech Gründerfonds, WenVest GmbH and a family office active in the property industry from the BayStartUP network.
The company will use the funds to expand in German-speaking regions.
Founded in Munich in 2015 and led by Peter Schindlmeier, CEO, casavi provides a cloud-based property management platform that serves as a digital link between all parties active in the property sector – from administration to owners, tenants and service providers. The solution enables housing companies and administrative bodies to get in contact with residents. The range of functions of a digital process management system is also supported by a German property law and tenant service app as well as interfaces with existing accounting software and service provider portals.
Since market launch, the product has gained more than 200 clients from German-speaking regions, who manage over 600,000 housing units in total.