CASAFARI raises 5M euros in a recent funding round

September 15, 2019
Share this Post: 

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.

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Property Portal Watch Madrid Summit 2019

September 15, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Product Roundup 29.11.22
Product Roundup: Rightmove, Casavo, AVIV Group

There have been some noteworthy product updates across the portal space recently. Interestingly, some big names are investing heavily in...

Read More
Ringier Ag
Ringier (Switzerland) Agrees to Acquire 100% of Shares in Ringier One Africa Media

Swiss-based media company Ringier AG—owner of around 130 subsidiary businesses including real estate online marketplaces—has agreed to acquire almost 100%...

Read More
Funding Roundup Wynwood Homesfy
More Funding Rounds Closed as Wynwood House and Homesfy Plan Major Expansions in LATAM and India Respectively

Hot after news that UK-based Giraffe360 and Finnish iBuyer Rive each completed multi-million funding rounds, two more companies have announced...

Read More
Boomin Chain
Mortgage Advice Bureau Writes off Boomin Investment as the Failed Portal Publicises its £10M Debts

The Mortgage Advice Bureau (MAB) has written off its £2.5m investment in Boomin, the UK portal that went bust last...

Read More

Editor's Pick