CasaOne Receives $50M in Debt Financing

CasaOne, a San Francisco, CA-based furniture rental company, received $50m in debt financing from 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).

Led by Shashank Shankaranarayana, CEO, CasaOne provides a wide selection of products, 3D visualizations, rent-to-own options and service in as early as 2-3 business days. The company, which 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, also offers a commercial furniture rental solution, BureauOne. CasaOne and BureauOne offer individuals and businesses a solution to streamline a time-consuming process of furnishing a space down to a mere 2-3 business days. Additional perks include expert space planning and design guidance and delivery and assembly services.

CasaOne previously raised a $16m Series B led by Accel in September 2019.

FinSMEs

18/06/2020

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