SAN FRANCISCO, June 18, 2020 /PRNewswire-PRWeb/ -- CasaOne, a leading furniture rental company announced a debt financing of $50 million by Credit Suisse. This funding will be used to support the overall growth of the business affording expansions into additional product categories within furniture, fixtures, and equipment (FF&E). CasaOne previously raised a $16 million Series B led by Accel in September 2019. The company also offers a commercial furniture rental solution, BureauOne.
CasaOne and BureauOne offer individuals and businesses a turnkey solution to streamline an often laborious, time-consuming process of furnishing a space down to a mere 2-3 business days. Furnishing a home or commercial office can require many weeks or even months of effort, depending on the size of your space. The design and measurement phases alone can be daunting, combined with the added challenge of sourcing products from multiple vendors. Delivery timelines can vary among vendors and furnishings can require painstaking assembly many do not have the time, skill set or tools to manage.
CasaOne eliminates the hassle with an on-demand rental that transforms expensive and inconvenient investments in furniture into convenient, affordable subscriptions. Additional perks include expert space planning and design guidance and white-glove delivery and assembly services.
"CasaOne/BureauOne is very happy to work with Credit Suisse," says Shashank Shankaranarayana, CEO, CasaOne/BureauOne. "There is a market need for our fast, flexible, and cost-effective furniture, fixtures, and rental (FF&E) solutions. In light of Covid-19, we are seeing a further acceleration in demand for on-demand, flexible furniture rental and leasing options in addition to remote work/work from home solutions. It will also help us expand into newer equipment categories to support businesses emerging out of the current crisis. The flexibility and convenience of CasaOne and BureauOne's product offerings are resonating with the market: especially when more and more US workers are working from home while enterprises are looking at greater flexibility in their office solutions."
"At Accel, we have been really impressed with CasaOne's pace of execution," says Subrata Mitra, Partner at Accel. "Specifically, we think their software stack sits at the intersection of old-school furniture and logistics industries combining them with elements of fintech, such as fast checkout and underwriting. This will allow them to take on the broader leasing space going forward."
About CasaOne:
CasaOne's full-service offering includes a wide selection of products, affordable monthly rental plans, 3D visualizations, rent-to-own options and white-glove service in as early as 2-3 business days. CasaOne is operational in 10 markets, including all of San Francisco, Greater Los Angeles, San Diego, greater New York, New Jersey, Philadelphia, Connecticut, Washington DC, and Chicago. http://www.casaone.com
About BureauOne:
BureauOne converts furniture into a utility for offices and commercial spaces. BureauOne helps businesses experience and access furniture, fixtures, and equipment without going through the myriad challenges that are associated with buying office furniture. BureauOne offers a full-service product including white-glove storage, delivery, and installation on-site. http://www.bureauone.com
SOURCE CasaOne
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