Our investment in casavi

At the onset of 2021, we made a seven-digit revenue-based financing (“RBF”) investment into casavi, a proptech startup based in Munich, Germany. This is the first investment that was led by the newly established European office of Riverside Acceleration Capital. Additionally, it is a case study for how RBF can serve as a complementary, useful addition to the European startup funding landscape. At Riverside Acceleration Capital, we look for B2B SaaS companies at the early growth stage with sticky products and an exceptional understanding of the market they operate in. casavi is a great example of all of that.

casavi was founded in 2015 by Peter, Oliver and David to create a simple, yet comprehensive software product for real estate management. Looking at the company today, they were quite successful. casavi is a leading software solution for real estate managers in the DACH region and serves a broad range of customers, from small property managers to large asset management companies.

The team has invested a lot of time and energy over the last five years to understand the real estate market in Germany, Austria, and Switzerland. Having been part of the first wave of proptech companies in the region they have built a strong reputation as an industry innovator. From the early days on, the founding team has stayed true to its vision of product-led growth. They closely work with their users, designing the product according to their customers’ needs. Today, casavi’s product philosophy is reflected in a very loyal and diverse customer base.

In contrast to the US, Europe is a lot more fragmented which can make scaling a vertical B2B startup more challenging. It takes grit and focus to create a specialized solution for target groups that may be difficult to reach, and thus underserved. In our eyes, casavi is a great example of a company that is successful at doing just that.

Our RBF investment allows casavi the opportunity to further grow and expand product vision without the additional effort of a large venture capital round at this point in time.

The team at Riverside Acceleration Capital is happy to support casavi on its journey.