Italian proptech and agent-backed portal Wikicasa.it has acquired a major stake in real estate services provider Dokicasa.it for an undisclosed sum.
Wikicasa, itself a proptech that collects and distributes real estate information online to facilitate the purchase, sale and rental of properties, invested in a 51% stake in Dokicasa, a company specialized in technical solutions for real estate.
Dokicasa provides over 70 technical services for the real estate sector through its platform, from the generation and compilation of purchase and sale agreements to rental contracts, anti-money laundering services, and privacy management.
Dokicasa uses Artificial Intelligence and Machine Learning to create infinite combinations of products and services with the highest level of customization for users at all stages of the supply chain.
Pietro Pellizzari, CEO at Wikicasa, said:
“The real estate buying, selling and leasing processes require a considerable amount of bureaucratic and technical steps. Technology can automate, speed up and make these processes more efficient, reducing errors and oversights, in a truly intuitive way.
“The acquisition of Dokicasa thus completes the range of services available to the over 15,000 professionals who already use our tools. We are thrilled to bring together a young and talented team that has a DNA and a mission similar to ours: to make the real estate market increasingly faster, smarter and more transparent on the web thanks to technology.”
Nicolò Martucci, CEO at Dokicasa, commented:
“This union represents a significant strategic step towards the realization of a common vision: providing the best tools available to real estate professionals.
“Wikicasa will further support us in simplifying the real estate buying, selling and leasing process, making it more transparent, efficient and accessible to all. We are ready to reinvent the way people interact with the real estate market, raising the standards of service and technology. This acquisition is just the beginning of an exciting path of growth and innovation.”
Wikicasa owns and operates three portals—Casaclick.it, Commerciali.it and Wikicasa.it, and is essentially the third largest portal operator in Italy behind Immobiliare and Idealista.
Despite being smaller in size than its rivals, Wikicasa remains a highly active innovator in the Italian market, with regular data- and technology-focused updates to its products and services.
Last month, Wikicasa partnered with Credipass to provide credit advice to mortgage seekers, while an Auction segment was added to its portal in February to meet rising demand for auctioned real estate in Italy.
Last year, Wikicasa announced a €790,000 investment round raised primarily by Italian agent backers of the platform as the firm vowed to make serious innovations in the Artificial Intelligence space.
