CasaOne, the San Francisco-headquartered furniture rental company, has completed a USD 16 million Series B round of financing. Accel led the investment round with participation from return investors JLL Spark, Freestyle Capital, NextWorld Capital, and Array Ventures. New investors include Quiet Capital, HNI and WeWork and a few prominent angel investors including Lydia Jett from Softbank’s Vision Fund. This round of financing will help CasaOne expand to new geographies, further invest in hiring technology and engineering talent and expand into adjacent product categories.
CasaOne and its B2B offering BureauOne provide a full-service rental solution while also minimizing and eliminating friction when it comes to furnishing spaces in short periods of time.
CasaOne's core technology, design, product, and engineering team of 70 employees are based in Bengaluru.
“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. “The backing and expertise of our financial and strategic investors will help us execute our vision even more rapidly and broadly – in a category that previously hasn’t seen much innovation. 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.”
CasaOne is a home furniture rental company that helps property managers, realtors, stagers and residents experience and access furniture, furnishings, decor, and equipment on demand.
Subrata Mitra, Partner at Accel added: “ CasaOne and BureauOne’s turn-key solution enables businesses to be nimble about their furniture/FF&E requirements in their office spaces. As CasaOne has grown rapidly, the company has been able to respond quickly to the growing need for on-demand furniture in commercial real estate. With white-glove service and the fastest turnaround in the market, BureauOne is building a customer-focused business that is exemplified by its best-in-class service. Shashank & the rest of the team continue to build a great company in this space, and we're excited to lead another round of investment at CasaOne and BureauOne!"