Proptech startup, CASAFARI, has recently raised €5 million in a seed funding round led by Lakestar to expand across Europe. Real estate investment fund Round Hill Capital was in participation.
Proptech is not unfamiliar territory for Lakestar, which has made over 12 real estate tech investments to date, including Airbnb, Opendoor, Cadre, Rhino, Figure and others. It has also invested in the likes of Spotify, GetYourGuide, Glovo, Klarna, GoEuro (now Omio) and Revolut.
Founded in 2018, CASAFARI uses machine learning and big data operations to ‘make the real estate market more transparent and efficient’ by building the cleanest and most complete database in the world.
Thus far, the startup says it has monitored 4 million unique properties and 15 million listings, is actively used by more than 7,000 real estate agents and has grown annual revenues by more than 600 percent.
CASAFARI, which is headed by entrepreneurs Mila Suhareva, Nils Henning and Mitya Moskalchuk, says it will use the proceeds of the funding round to expand its team (currently 70 people), build fresh custom applications and boost its internationalization efforts.
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