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.