Dove.it Closes a €3 Million Capital Increase

Dove.it, an Italian-born digital real estate agency, announces the closing of a €3 million capital increase. Azimut is leading the transaction, through the vehicle AZ Eltif – Alicrowd. This is a new milestone for the Italian tech company: after closing 2021 with an 80 percent increase in revenues and a doubling of sales, Dove.it will further strengthen its presence in the Italian real estate market in the coming months.

Founded in December 2018 with the aim of innovating the real estate sector by focusing on the use of technology, Dove.it supports those who want to sell and buy homes through the use of digital tools, online marketing, big data, and artificial intelligence. Led by CEO Paolo Facchetti, the startup had already received €2 million in funding in a first round of investment in 2019 from leading Italian angel investors.

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Goals of the round and next steps

The amount raised will be used to enhance the suite of internally developed software (now more than 25) and to scale the business model. In parallel, a recruiting plan is already underway to increase the staff, currently consisting of about 100 people. Both the sales force will grow-the target is 100 more agents in the territory than at the end of 2021-and the internal staff, with the entry of senior managers and C-levels.

Crucial will be the training of the sales network; the real estate agents of the future will be increasingly familiar with the new technologies already supporting buying and selling today, which can enable faster processes and lower operating costs. Also in the pipeline for the next 12 months are plans to open additional lines of business and the opening of new “hybrid” branches. Dove.it aims to close 2022 with more than 3 million in revenues, doubling business results for the fourth year in a row. “We have tried to put technology at the center of all processes for a correct and modern management of properties, clients, and valuations,” said Paolo Facchetti, CEO, and founder of the company.

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(Featured image by geralt via Pixabay)

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First published in StartupItalia, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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