Casafari Secures €5M Venture Debt with Bird & Bird's Counsel
Deal News | Dec 09, 2024 | Iberian Lawyer
Bird & Bird, a leading law firm, has successfully advised Casafari in the procurement of a €5 million venture debt financing deal. Casafari, a pivotal software player in the European real estate market with a substantial user base spanning multiple major European countries, aims to democratize access to critical data for various real estate stakeholders. BBVA Spark, the financing unit of BBVA focused on entrepreneurial growth and venture capital enhancement, provided the necessary funds to support Casafari's goal of scaling its operations. The transaction was overseen by a Bird & Bird team composed of Alberto Rodriguez, Isabel Rodriguez, and Paula Martin.
Sectors
- Real Estate Software
- Venture Capital
- Legal Advisory
Geography
- Europe – Casafari operates across European countries including Portugal, Spain, Italy, France, and Germany.
Industry
- Real Estate Software – Casafari operates within the real estate software industry, providing key data access for market stakeholders.
- Venture Capital – The financing deal involves venture debt, a significant aspect of the venture capital industry.
- Legal Advisory – Bird & Bird provided legal advisory services for this financial transaction.
Financials
- €5 million – Venture debt financing secured by Casafari from BBVA Spark.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Casafari | Target Company | Company | A leading real estate software platform in Europe. |
| Bird & Bird | Legal Advisor | Company | A law firm advising Casafari in the financing deal. |
| BBVA Spark | Financing Provider | Company | A unit of BBVA providing venture debt to Casafari. |
| Alberto Rodríguez | Counsel | Person | Counsel at Bird & Bird involved in the transaction. |
| Isabel Rodríguez | Associate | Person | Associate at Bird & Bird involved in the transaction. |
| Paula Martín | Associate | Person | Associate at Bird & Bird involved in the transaction. |