CasaOne, which is a San Francisco headquartered furniture rental startup, revealed that it has now secured $16 million in the funding round of Series B led by the Accel. The investment round also saw the participation from some of the existing investors as well like NextWorld Capital, Freestyle Capital, JLL Park, and Array Ventures.
According to the company, the new funds will now be going to be used to expand into the new geographies, hiring engineering and technology talent, and expand into the adjacent product categories.
Speaking on the startup, Shashank PS, Founder, and CEO of CasaOne said,
“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 customers. Our goal will always be to place our customers front and center by offering a wider selection of furniture, higher flexibility, and better pricing coupled with a turnkey solution.”
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. Shashank and 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.”