Portuguese proptech startup CASAFARI lands venture debt from BBVA Spark in first Portugal deal
Lisbon-based real estate data firm CASAFARI has secured €5 million in venture debt financing from BBVA Spark, the innovation arm of Spanish banking giant BBVA. This marks Spark’s first investment in Portugal and underscores growing interest in data-driven real estate technology across Europe.
The financing, backed by the European Union and the InvestEU Fund, will support CASAFARI’s ongoing expansion in key European markets and accelerate the development of its AI-powered property data tools. The company is already active in Portugal, Spain, Italy, France, and Germany, serving over 60,000 professionals in the real estate sector.
Tech-Powered Clarity in a Fragmented Market
Founded in 2018 by Nils Henning, Mila Suhareva, and Mitya Moskalchuk, CASAFARI was created to address the fragmented and opaque European property market. By aggregating and standardizing real estate listings through advanced machine learning, the platform offers users a reliable database with real-time market insights and duplicate-free listings.
Its client base includes real estate agencies, brokers, institutional investors, and private equity firms looking for clearer visibility into market conditions and valuations.
Strategic Use of Funds
The €5 million injection will be used to:
- Strengthen CASAFARI’s presence in existing and new European markets
- Enhance its suite of analytical tools and platform features
- Support strategic acquisitions—building on its recent purchase of location intelligence firm Targomo in Germany and design studio Moonshapes in Portugal
According to the company, the funds will help expand its influence in Europe’s growing property tech scene, providing smarter data infrastructure for professionals navigating an increasingly complex real estate landscape.
BBVA’s Confidence in PropTech
“This investment reflects our belief in CASAFARI’s vision to bring efficiency and transparency to the real estate market,” said Miguel Alcalá, head of BBVA Spark Spain. “Supporting innovative companies like CASAFARI is central to our mission.”
The move also demonstrates how traditional financial institutions are aligning with digital-first solutions that address structural challenges in housing markets, such as price opacity, lack of standardized data, and inefficient workflows.
What’s Next for CASAFARI?
With the fresh funding, CASAFARI is positioned to expand its market footprint, integrate more advanced data science tools, and continue building what it calls “Europe’s most complete real estate data ecosystem.” Its leadership sees strong demand for scalable digital solutions that bridge the gap between data, property listings, and investment decisions.
As property markets face rising interest rates and growing pressure for transparency, platforms like CASAFARI are likely to play a critical role in reshaping how real estate is bought, sold, and analyzed across the continent.
