Odevo
Odevo is a Stockholm-headquartered residential property management group serving homeowner associations, boards, and property owners across 9 markets through 50+ acquired local operating brands, backed by a proprietary SaaS platform, AI capabilities, and shared procurement services. Manages 2.5 million homes globally.
- Company typePrivate
- Founded2019
- HeadquartersStockholm, Sweden
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Odevo does
Odevo is a Stockholm-headquartered residential property management group that operates a decentralized roll-up model, acquiring local property management companies across nine markets (Sweden, Finland, UK, Germany, Spain, Italy, Portugal, Mexico, and the United States) while preserving their brands, leadership, and client relationships. The company serves homeowner associations, condominium boards, residential property owners, and developers with services spanning technical, financial, and legal property management, supported by a proprietary cloud-based SaaS platform originally developed as the Nabo platform. As of 2026, Odevo manages approximately 2.5 million homes through a network of acquired operating companies and employs 14,000 colleagues globally.
The business model is anchored on subscription-based property management contracts with HOAs, condominium boards, and property owners, but the larger economic opportunity lies in capturing value across the broader customer spend envelope. Core management fees represent only 5-10% of an average customer's annual spend; the remaining 90-95% is spent on insurance, loans, energy, broadband, and maintenance services where Odevo applies group-wide procurement leverage and proprietary financial products. Value-added services include a UK insurance offering priced approximately 20% below competitors, an automated Swedish fund management algorithm that redirects housing association reserves to interest-bearing accounts (delivered via the Monu fintech platform, acquired in 2022), and AI-enabled procurement and maintenance forecasting.
Odevo is backed by private equity sponsors CVC Capital Partners (joined August 2024 from a EUR 26 billion fund) and Fidelio Capital (founding investor since 2018), and has executed over 50 acquisitions since founding. The product and engineering team has grown from four people at inception to over 200 specialists, and the company is reorganizing around an "agentic-first" product development approach to embed AI across both internal operations and client-facing workflows. The strategic thesis is to consolidate a fragmented, under-digitized industry by combining local market expertise with shared technology, AI capabilities, and group-wide procurement scale.
Odevo firmographics
Firmographics- Name
- Odevo
- Legal name
- Odevo AB
- Website
- https://odevo.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Odevo is a Stockholm-headquartered residential property management group serving homeowner associations, boards, and property owners across 9 markets through 50+ acquired local operating brands, backed by a proprietary SaaS platform, AI capabilities, and shared procurement services. Manages 2.5 million homes globally.
- Ownership category
- akta.pro rank
Odevo industry classification
Industry- Product category
- Residential Property Management Services
- NAICS
- Residential Property Managers (531311), Real Estate Property Managers (53131)
- SIC
- Services-To Dwellings & Other Buildings (7340), Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)
- akta.pro primary industry
- HOA / Condominium Association Management (BPAJAFAH)
Keywords
Where Odevo is headquartered
LocationHeadquarters
- HQ city
- Stockholm
- HQ country
- Sweden
- HQ region
- Europe
Offices6 records
Markets served
Odevo business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Property Management Services: Core residential property management services including technical, financial, and legal management for homeowner associations, residential property owners, and housing companies. This is the primary revenue stream, managing approximately 2.5 million homes across 9 markets.
- Value-Added Services (Procurement): Odevo leverages collective purchasing power across its client base to procure loans, insurance, electricity, broadband, and maintenance services on behalf of associations and homeowners. Core management services represent only 5-10% of a customer's annual spend; the remaining 90-95% is spent on other services where Odevo adds value through bulk procurement and better terms.
- Financial Services: Insurance products, loan management services, transaction account services, and interest-bearing savings accounts offered to housing associations and homeowners through Odevo's own platform and through the acquired Monu fintech technology.
- Rental and Sales Services (Germany): In Germany through Erste Hausverwaltung, Odevo also offers rental and sales services for apartments and houses, as well as comprehensive facility management services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom contract pricing based on property portfolio size and service scope |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Odevo product offering
Product offeringCore offering
Odevo is a global residential property management group that delivers technical, financial, and legal management services to homeowner associations, housing companies, and residential property owners across 9 markets in Europe and North America. The company operates a proprietary cloud-based SaaS platform (Nabo) and an AI-enabled technology stack that supports a portfolio of locally-led operating companies. Beyond core property management, Odevo offers value-added services including insurance, loans, savings and banking (via the Monu fintech platform), maintenance procurement, and energy and broadband services bundled across its 2.5 million homes under management.
Product overview
Odevo is a global residential property management group operating a platform-plus-local-brands model. The core offering combines proprietary technology platforms (including the Nabo SaaS platform developed in-house) with a portfolio of locally-led operating companies across 9 markets. Key acquired brands include: SBC and Nabo (Sweden), Retta and Kontu (Finland), KWPMC and CAS (US), Seacrest and PBM (Florida), WRMC (Texas), PMP (Western US), Portik Group (Spain/Portugal/Italy/Mexico), Erste Hausverwaltung (Germany), and Encore (UK). Beyond core property management, Odevo offers value-added services including financial services (through Monu fintech platform for banking/loans/insurance), procurement services, and AI-powered tools for automation. The tech team exceeds 150 specialists building solutions for internal operations and external clients.
Differentiator
Problem solved
Functional benefit
Products and services
- Residential Property Management Services Full-service residential property management including technical, financial, and legal management delivered through a network of locally-led operating companies (OpCos) across 9 markets in Europe and North America. Customers include homeowner associations, condominium boards, housing companies, developers, freeholders, and residential property owners. Services cover ~2.5 million homes globally.
- Nabo Digital Property Management Platform Cloud-based digital property management platform serving homeowner associations and housing residents in Sweden. Provides digital tools for board communication, financial reporting, document management, maintenance requests, and resident engagement, replacing manual and legacy industry software.
- Monu Financial Services Platform Fintech platform offering banking services to property owners and housing associations in Sweden, including transaction accounts, loan management services, and interest-bearing savings accounts. The platform facilitated over 3 billion SEK in savings accounts and generated over 5 million SEK in interest for customers within six months through automated fund management.
Quantifiable outcome
- Automated fund management algorithm generates interest income for housing associations that previously earned 0% on reserves, with millions of SEK in interest paid to customers within months of deployment
- +6 more outcomes
Companies that use Odevo
Customer profileNamed customers14 records
Segments4 records
Ideal customer profiles2 records
Odevo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature5 records
Odevo partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor.
- Pérez-LlorcaminorLegal advisory firm providing legal counsel as part of the Portik Group acquisition transaction. Odevo's acquisition of Portik Group required regulatory approvals from Spain and Portugal.
- EYminorEY provided financial advisory services as part of Odevo's acquisition of Portik Group.
- KPMGminorKPMG provided financial advisory services as part of Odevo's acquisition of Portik Group.
- AvegominorAvego provided advisory services as part of Odevo's acquisition of Portik Group.
- Water Restoration GroupminorService partner providing water restoration services to Odevo's US operating companies and their clients, part of Odevo's vendor partnership network accessible to clients through Odevo's value-added services ecosystem.
- Sharpe Project DevelopmentsminorService partner providing project development services to Odevo's US operating companies, part of Odevo's vendor partnership network accessible to clients through Odevo's value-added services ecosystem.
Scale indicators15 records
Recent moves7 records
Expansion highlights7 records
Odevo competitors and assessment
Company assessmentBroad incumbents
- AppFolio: Cloud-based property management software for residential and commercial properties. Comparable to Odevo's Nabo platform in property management SaaS, but operates as a software vendor rather than a managed services operator.
- Savills: Global real estate services firm offering property management, advisory, and investment services across multiple asset classes. Comparable to Odevo in residential property management but as part of a much broader real estate services portfolio.
- Yardi Systems: Major property management software provider serving residential and commercial real estate. Comparable to Odevo in property management technology but as a SaaS platform vendor serving third-party PM companies, rather than an operator itself.
- CBRE Group: World's largest commercial real estate services firm with residential property management capabilities. Comparable to Odevo in real estate services at scale, though predominantly commercial-focused with residential as a smaller segment.
Direct peers
- CCMC: US community management company serving homeowner associations and condominium communities across multiple states. Closely comparable to Odevo's US OpCos in HOA management services, customer base, and value-added services.
- FirstService Residential: North America's largest residential property manager serving condominium, HOA, and high-rise communities. Directly comparable to Odevo in HOA/condo management services, customer base, and decentralized multi-brand operating model.
- Greystar Real Estate Partners: Global leader in rental housing property management, investment, and development. Comparable to Odevo in residential property management scale and PE-backed rollup model, though Greystar focuses more on multifamily rentals than HOAs.
- Associa: Large US-based community association management company serving HOAs and condominiums. Directly comparable to Odevo's CAS, PMP, KWPMC, and Seacrest US operations in HOA/condo management across multiple states.
Others
- Vonovia: Germany's largest residential property company providing housing, property management, and related services. Operates in Odevo's German market with overlapping residential property management activities, though as a vertically integrated owner-operator rather than a pure third-party manager.
Regional players
- Mears Group: UK-based facilities management and property services provider serving residential and social housing markets. Comparable to Odevo UK in residential property services, but focused primarily on the UK social housing segment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Odevo social profiles
Digital presenceOdevo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Odevo leadership team
Management profileNumber of profiles
Profiles14 records
Odevo subsidiaries and ownership
Company hierarchySubsidiaries22 records
Odevo funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Odevo M&A and investment
M&A and investmentM&A9 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Odevo
What does Odevo do?
Odevo is a global residential property management group that delivers technical, financial, and legal management services to homeowner associations, housing companies, and residential property owners across 9 markets in Europe and North America. The company operates a proprietary cloud-based SaaS platform (Nabo) and an AI-enabled technology stack that supports a portfolio of locally-led operating companies. Beyond core property management, Odevo offers value-added services including insurance, loans, savings and banking (via the Monu fintech platform), maintenance procurement, and energy and broadband services bundled across its 2.5 million homes under management.
Is Odevo a public or private company?
Odevo is a private company. It is classified as private equity controlled and is currently operating.
When was Odevo founded?
Odevo was founded in 2019. It employs 5,001 to 10,000 people.
Where is Odevo based?
Odevo is headquartered in Stockholm, Sweden, in the Europe region.
How does Odevo make money?
Four revenue lines are on record. Property Management Services are the primary driver. The others are value-Added Services (Procurement), financial Services and rental and Sales Services (Germany).
Who are Odevo's main competitors?
Broad incumbents on record are AppFolio, Savills, Yardi Systems and CBRE Group. Direct peers are CCMC, FirstService Residential, Greystar Real Estate Partners and Associa. Vonovia is listed as an others. Mears Group is listed as a regional player.
Does Odevo have an API?
No public API is recorded for Odevo.
What industry is Odevo in?
Odevo's product category is Residential Property Management Services. Its primary akta.pro industry code is BPAJAFAH, HOA / Condominium Association Management. Its NAICS code is 531311 and its SIC code is 7340.