July 28, 2021
Real Estate

Real estate platform Casafari raises $15M to allow PE to buy single-family homes at scale – TechCrunch

Just a Spotify used VC and PE backing to acquire the assets of the music industry so that we must now all rent our music via subscription, rather than own it for life, so a PropTech startup plans to follow a similar strategy for single-family homes.

Casafari, a real estate data platform in Europe based out of Lisbon, Portugal, has raised a $15 million Series A funding round led by Prudence Holdings in New York. But, crucially, it has also secured a $120 million “mandate” from Geneva-based private equity investors Stoneweg, among other PE players, in order to buy-to-let residential and commercial real estate. The startup already has operations in Portugal, Spain, France, and Italy.

Other investors include Armilar Venture Partners (the Portuguese VC behind unicorns Outsystems and Feedzai), HJM Holdings, 1Sharpe (founders of Roofstock), and FJ Labs (Fabrice Grinda, founder of…

Read full article here: techcrunch.com