We’re Backing Casavi

In an industry historically resistant to change, casavi is a breath of fresh air. Founded in 2015, this PropTech SaaS company is transforming communication and service processes in the real estate sector. casavi’s mission is clear: to make property management easier, more efficient, and more customer-friendly through the power of automation and digitalization.

With a customer base nearing 1,500 and a team of over 100 employees spread across Munich, Frankfurt, and Berlin, casavi is well-positioned for continued growth and innovation within the DACH region and beyond. The company’s impact on the real estate market is undeniable, as it bridges the gap between traditional practices and the future of property management.

Navigating the Path to Profitability Without Compromising Ownership

The COVID-19 pandemic has dramatically reshaped the startup landscape in Europe, with valuations falling and the cost of raising capital from VCs rising. This challenging environment pushed casavi to explore alternative financial avenues to fuel its growth while retaining full control over its vision and strategy.

Led by CFO Parth Patel, casavi carefully evaluated several funding options, including revenue-based financing, venture debt, and convertibles. The goal was clear: to secure the necessary funds without sacrificing equity or giving up seats on the board, and improve the company’s current payment structure. In the process, Patel and his team identified key terms and non-negotiables that aligned with casavis long-term objectives, bridge to profitability where they can justify a series C with higher valuations, go for a potential M&A or optimize for a future exit– all without further dilution. 

To achieve these goals, casavi accessed a €3M Growth Loan via Gilion, a strategic move designed to bolster the company’s expansion efforts while preserving its financial health with non-dilutive funding.

Parth has serviced debt before and knows from experience that flexible interest-only periods really matters when it comes to allowing casavi to optimize cash flow and focus on growth areas like sales, marketing, and software development: says casavi CFO Parth Patel.

"What I liked about Gilion is that we have the flexibility, in terms of deciding how long the interest-only period should be. We want to pay as little as possible in the beginning to be in line with our cash target. Once we have reached our target and are collecting more cash, we have no issues paying back.”

says casavi CFO Parth Patel.

Why Gilion is Backing casavi

casavi’s offerings, such as its comprehensive customer portal and mobile app, are transformative in an industry slow to embrace digitalization. These tools unify various communication channels into a single, user-friendly platform, helping property managers to meet growing demands for transparency, accessibility, and flexibility. The result is a significant reduction in time and costs across the value chain, benefiting every stakeholder in the property management ecosystem.

For Gilion, casavi represents the ideal recipient of their Growth Loan—an innovative company with a clear path to profitability and a product that is reshaping the real estate industry. While casavi has been purposefully in a controlled cash-burning phase, its strategic focus on growth and near-term profitability positions it well to manage its financial future and capitalize on its market potential.

Gilion is proud to support casavi’s talented team as they work to transform the property management sector.

*In Germany, Gilion operates as a loan broker. The loans are granted by a third party bank.