Casafari, a startup dedicated to the development of a real estate market classification through artificial intelligence, has closed a €5M funding round led by Lakestar and Round Hill Capital.
Casafari was born in 2017 in the Balearic Islands with the aim of creating the most complete database of the real estate sector worldwide, and later expanded to Portugal, where it is currently based.
Through the use of machine learning' y data science', produces market analysis by collating time series of prices and changes in preferences for property types and locationsThe new platform incorporates in a single platform all the real estate offer that exists in an area, including agencies and private individuals.
This allows you to eliminate duplicate listings and facilitate the work of real estate agents by providing them with real and up-to-date market information.
Thus, through the platform, housing market professionals can access an updated database, which includes the supply of properties and new additions for purchase and sale. They can also check the history of each property, its price changes and current status, and connect with each other to sign agreements and collaborations that allow them to share commissions securely and discreetly.
Casafari currently has the most complete data on the real estate sector in areas such as Madrid, Barcelona, the Costa del Sol and the Balearic Islands, as well as in different regions of Portugal, and works with leading agencies in the sector such as Sotheby's International Realty and Coldwell Banker, among others.
To date, the company has achieved that its platform is used daily by 7,000 real estate agents, increasing its annual revenue by more than 600%.
Recently, the company has been able to raise 5M€ in a financing round. Thanks to this capital injection, it will be able to expand its team, create new customised applications and accelerate its development in the European market. Casafari also plans to continue its expansion in Spain.
The operation has been led by Lakestarone of Europe's leading venture capital firms, and Round Hill Capitalreal estate investment fund. Notably, the former has made more than 12 investments in technology applied to real estate, including Airbnb or CadreHe has extensive experience in this type of sector.
It is a room rental platform based in Barcelona, which connects homeowners with people looking to rent a room.
Likewise, the real estate platform Housfy has achieved 6M€series A, in its third round of financing. An operation led by several investment funds such as the Madrid-based Seaya Venturesthe American Torch Capital and French Cathay Capital.
With this capital injection, the company strengthens its activity in Italy, and finances its expansion in France and Portugal, but also improves its technology, which already allows the sale of a property without intermediaries and in return receives a fixed commission.