CasaOne Raises $16 Million In Series B Financing Round
The furniture rental company CasaOne raises $16 Million series B financing round led by Accel for expansion, and CasaOne will use this to expand to new geographies.
FREMONT, CA: The San Francisco-headquartered furniture rental company, CasaOne, has completed a 16 million USD Series B round of financing. Several return investors JLL Spark, Freestyle Capital, NextWorld Capital, and Array Ventures, participated in the investment round led by Accel. A few prominent investors like Quiet Capital, HNI, WeWork, and Lydia Jett from Softbank’s Vision Fund also joined. CasaOne will expand to new geographies, further invest in hiring technology and engineering talent, and grow into adjacent product categories, with the help of new round of financing.
In 2017 CasaOne launched its category-defining furniture rental solution that eliminated big points of friction that comes with sourcing, designing, set-up, and maintenance of furniture, furnishings, and equipment. In May 2019, BureauOne was launched to cater to fast-growing companies, mid-market firms, and enterprises to convert their FF&E (Furniture, Fixtures, and Equipment) into a utility.
The founder and CEO of CasaOne Shashank, say at CasaOne and BureauOne, they are building technology for real-time inventory, supply chain, and large format logistics for the old school furniture and logistics industries. This helps them to deliver best-in-class SLAs to the customer. Their goal is to place their customers’ front and center by offering a more extensive selection of furniture, higher flexibility, and better pricing coupled with a turnkey solution.
Mihir Shah, Co-CEO, JLL Technologies says that they are excited to continue their partnership as CasaOne and BureauOne scale and expand to new markets. He also mentioned that CasaOne would bring new flexibility, speed, and convenience to office landlords and tenants in commercial real estate.
CasaOne operates out of six markets, including Chicago, New York, Los Angeles, Seattle, the San Francisco Bay Area, and Washington, D.C. The Series B funding comes on the back of a great year for both the companies BureauOne and CasaOne that saw a growing portfolio of consumers and B2B clients adopting its home and office furniture rental service, and increased momentum in onboarding key partnerships.