CASAFARI announces acquisition of Targomo and strengthens its position in the proptech market

CASAFARI strengthens its position in the proptech market with the acquisition of Targomo, an expert in location analysis. The partnership will enable better investment and expansion decisions in the real estate and financial sectors.

Berlin, Lisbon - CASAFARI, one of the largest real estate data platforms in Europe, has announced the acquisition of Targomo, a location analytics specialist. This acquisition will serve to consolidate CASAFARI's position as a leading proptech company and data provider.

Through this acquisition, Targomo will be integrated into CASAFARI's existing solutions portfolio. The Targomo team will continue to operate under its own brand and continue its technology development from Berlin. Targomo recently raised equity financing of around 10 million euros in a Series A round.

The real estate industry suffers from a lack of data transparency. Targomo's Location Intelligence closes this gap. CASAFARI clients, real estate agents and investors can generate more business and significantly accelerate transactions by integrating Targomo into CASAFARI's offering

Nils Henning, CEO of CASAFARI

CASAFARI and Targomo share the vision that real estate companies and chain stores can benefit from accelerated and automated processes in an increasingly data-driven world. The integration of Targomo's location intelligence into CASAFARI's product offering expands the product range and accelerates CASAFARI's growth.

This partnership creates a solution designed to help decision makers in the real estate and financial sectors make better investment and expansion decisions using AI. Targomo is simultaneously expanding its customer base in CASAFARI's core markets (Spain, Portugal, France and Italy), while more than 50,000 CASAFARI customers in Southern Europe will gain access to Targomo's location analytics and AI-powered sales forecasting.

AI-based location analysis

Targomo has developed AI-based software that assesses the quality of locations for various use cases and generates location-specific sales forecasts. Their platform Targomo LOOP enables companies to find the best locations for their business model and optimize the branch network of real estate providers to increase profitability. Targomo also offers a powerful API for location-based data, quality analysis and accessibility calculations.

This transaction creates synergies in the real estate market: CASAFARI enhances real estate search and analytics with location intelligence, while Targomo gains access to comprehensive real estate data that will be integrated into software and analytics.

Targomo's solutions for data-based location analysis enable users to make better investment decisions. At the same time, the CASAFARI database shows all real estate listings on the market, including property history. Together we offer a comprehensive real estate solution.

Henning Hollburg, founder and managing director of Targomo

Targomo customers now have access to CASAFARI's real estate database, which is considered to be one of the most accurate and comprehensive in Europe. CASAFARI clients will have access to comprehensive real estate market data as well as in-depth location analysis. This transaction is designed to address a key challenge for companies in the commercial and residential real estate sector by facilitating access to up-to-date and comprehensive real estate data and accelerating real estate transactions.

The new company will operate as Targomo CASAFARI GmbH and will help companies make better investment decisions by combining location intelligence and artificial intelligence. Customers such as McDonald's Germany, McFIT/Gold's Gym, Vonovia and Søstrene Grene are already using Targomo's solutions.

CASAFARI is a leading real estate network that connects more than 50,000 real estate professionals through innovative data and collaboration tools. The platform aggregates and analyzes 310 million real estate listings from 30,000 sources and provides comprehensive market overviews, property histories, CMA, market analytics and APIs for clients worldwide.