In a move to aggregate and centralize real estate transaction data, European proptech and real estate data platform, CASAFARI, has announced the securement of a €101.5 million mandate. Supporting this funding are a number of private equity investors including Stoneweg. The mandate will be used to allow CASAFARI to develop and launch a buy-to-let strategy for both residential and commercial real estate. CASAFARI has also closed a €12.7 million Series A equity investment which was led by Prudence Holdings.
Speaking on the investment round, Gavin Mayers, Prudence Holdings Co-Founder, said:
“In Europe, as in most non-US geographies, real estate data has never been structured and organized due to the lack of a unified Multiple Listings Service (‘MLS’). CASAFARI has taken on the role of aggregating, verifying and distributing this data to key industry participants, providing a continental single source of truth for property and transaction data. Through its innovative technology, leveraging AI and machine learning, we believe its unique data and products will unlock single-family homes as an asset class to institutional investors. We see a tremendous opportunity for Europe to follow the example of the US, where institutional investment in fragmented properties has scaled from nearly $0 to $40 billion in ten years.”
Other participants in this investing round include Armilar Venture Partners (leading Portuguese VC behind unicorns Outsystems and Feedzai), Amavi Capital (pan-European Proptech fund) HJM Holdings, 1Sharpe (founders of Roofstock) and FJ Labs (Fabrice Grinda, founder of OLX Group), as well as existing investor Lakestar.
Stephen Nundy, Partner at Lakestar, commented:
“This isn’t just another data aggregator – it’s an entire operating system that powers real estate agents in real-time, removing the asymmetry of knowledge, accelerating transactions, and opening up new opportunities for iBuyers, property developers, investors, and Q-commerce operators and beyond to reach their investment objectives.”
Nils Henning, CEO, and Co-Founder of CASAFARI, said:
“CASAFARI has built a unique ecosystem, which connects brokers, developers, asset managers, and investors and enables sourcing, valuation, underwriting, and deal collaboration on single units in all asset classes. We are very excited to represent important institutional clients like Stoneweg and others, in deploying their capital into fragmented acquisitions at scale, bringing more liquidity to the market and generating more transactions to the broker clients of our platform.”
CASAFARI was launched as an independent real estate networking firm that connected over 15,000 agents. CASAFARI’s team developed customer applications like meta searches, comparative market analysis, and daily data feeds.
Since its launch in 2018, CASAFARI has entered partnerships with Sotheby’s International Realty, Coldwell Banker, RE/MAX franchises, Savills, Fine & Country, Engel & Voelkers, Keller Williams, and more.
Mila Suharev, CASAFARI’s Co-CEO and CPO, said:
“We started CASAFARI with a mission to organise the real estate market into an efficient data-powered ecosystem to enable and accelerate deals through a transparent and safe B2B platform.
“This capital raise will help us execute on our planned expansion into Germany, Austria, Switzerland and the UK, establishing ourselves as a dominant pan-European network of real estate professionals.”