BBVA Spark finances its first operation in Portugal with Casafari

Founded in 2018, Casafari has grown rapidly to become a decisive player in the real estate technology sector. with over 60,000 users in Portugal, Spain, Italy, France and Germany. Its goal is to create the cleanest and most comprehensive property database in Europe and to democratize access to this information to reduce its fragmentation and increase its transparency. In 2023, it acquired Targomo, a leader in positioning and location forecasting.

With five million euros in venture debt financing, Casafari aims to consolidate and strengthen its presence in the European market. “We are proud to support Casafari in its mission to improve the transparency and efficiency of the European property market,” he says. Miguel Angel Alcala, Head of BBVA Spark in Spain. “We are also particularly excited about this agreement as it is the first operation we are carrying out on a European continent (excluding Spain) after two years of rapid growth in the number of customers in Spain and Latin America who benefit from the entire banking offering. . for BBVA companies and specialized financing.”

“Securing this venture debt with BBVA Spark is an important milestone for Casafari,” he says. Nils Henning, CEO and co-founder of the company. “This alliance validates our business model and our growth trajectory. The funds will be used for further market consolidation and M&A activities to strengthen our leadership in the pan-European market.”

As Casafari continues to grow and innovate, this venture debt agreement will play a critical role in enabling the company to accelerate its growth plans, leverage its technological capabilities and maintain its competitive advantage in the dynamic European real estate market.

BBVA Spark’s decision to fund Casafari underscores the company’s confidence in the startup’s potential and its commitment to supporting technology companies in Europe. This commitment materialized last October when BBVA Spark announced its arrival in the United Kingdom and the creation of a new team in London to cover the European market. With the new team in London, the international presence of BBVA Spark, which already has more than 1,500 clients worldwide and approximately €500 million in guaranteed credit, is strengthened.