Furniture rental company CasaOne raises $16m funding led by Accel

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San Francisco- and Bengaluru-based furniture rental company CasaOne has raised $16 million in a Series B round of financing led by Accel.

The round also saw participation from return investors JLL Spark, Freestyle Capital, NextWorld Capital, and Array Ventures, the company said in a statement. New investors including Quiet Capital, HNIs, WeWork, and a few prominent angel investors including Lydia Jett from Softbank’s Vision Fund, too, joined the round.

The funding will help CasaOne expand to new geographies, further invest in hiring technology and engineering talent and expand into adjacent product categories, the statement added.

CasaOne and its B2B offering, BureauOne, provide full-service rental solutions across six markets currently, including Chicago, New York, Los Angeles, Seattle, the San Francisco Bay Area, and Washington, D.C.

“At CasaOne and BureauOne, we are building technology for real-time inventory, supply chain, and large format logistics for the old school furniture and logistics industries. This helps us deliver best-in-class SLAs to our customer. Our goal will always be to place our customers front and centre by offering a wider selection of furniture, higher flexibility, and better pricing coupled with a turnkey solution.” said Shashank, the founder and CEO of CasaOne.

“With the new raise, we plan to further double down on engineering and market expansion. We plan to launch in London as our first international market in Q1 of 2020.”

According to a report in The Economic Times, CasaOne has raised a total of $27.5 million in funding till date. It core technology, design, product, and engineering team of 70 employees are based in Bengaluru.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.