CASAFARI in €5 million expansion
The Lisbon-based Proptech startup Casafari has raised €5 million of investment for its European expansion plan.
The company uses machine intelligence for data indexing in the real estate sector on its high-tech platform.
Casafari has just closed its first round of “seed” investment of €5 million provided by investment funds Lakestar and Round Hill Capital.
Lakestar is one of the largest Venture Capital Funds in Europe which has just undertaken more than 12 investments in technology applied to the real estate market in company’s like AirBnB, Opendoor, and in the well-know brands such as Glovo and Spotify. It is the first time Lakestar is investing in Portugal.
Since its launch in Lisbon in 2018, run by entrepreneurs Mila Suhareva, Nils Henning and Mitya Moskalchuk, Casafari studies 4 million properties daily with a data base that it used by over 7,000 professionals in the real estate and financial markets and has seen its annual revenues grow by over 600%.
The funding will enable the startup to recruit tech professionals and to expand its operations to cover other parts of Europe.
Casafari has built what is certainly the most complete real estate market database in thew world, with applications tailored to a variety of professionals in the sector.