AAA Corporates gain entrance to Eden in series B round

Corporates gain entrance to Eden in series B round

US-based office services marketplace Eden secured $25m on Tuesday in a series B round backed by mass media group Comcast and property developers Mitsui Fudosan and RX Realty.

Real estate technology investment firm Reshape led the round, which included Fifth Wall Ventures, Alate Partners, Bessemer Venture Partners (BVP), Quiet Capital, Thor Equities, Canvas Ventures, Impala Ventures, Crystal Towers, Eniac Ventures and assorted angel investors. Comcast took part through its Comcast Ventures unit.

Eden operates a software-based marketplace through which businesses can source office services, supplies and repairs provided by roughly 2,000 partners across 25 metropolitan areas in the US.

Customers can access all the services from a single account, saving them from dealing with each provider on an individual basis, and can hold auctions for each contract, awarding them to the best-priced bidder.

Eden will devote the capital to strengthening its platform and growing headcount as it pursues international expansion.

The company said it has now received more than $40m in funding in total, including a $10m series A round in late 2017 that was led by Spectrum 28 and backed by Comcast Ventures, BVP, Fifth Wall, Enaic Ventures, Canvas Ventures, Y Combinator Continuity Fund and unnamed additional investors.

The series A came in the wake of a seed round featuring Comcast Ventures, Y Combinator, Maven Ventures, Eniac Ventures, V Angel, Redpoint Ventures, Slow Ventures, Index Ventures and BVP that closed at $3.3m in 2015.

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