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Eden Announces $25M Series B Led by Reshape

November 19, 2019

SAN FRANCISCO--(BUSINESS WIRE)--Nov 19, 2019--

Eden, the leading workplace management platform that makes it easier for fast growing, innovative companies to run and scale their offices, today announced a $25 million Series B funding round led by Reshape. The raise succeeds a momentous year in Eden’s growth, in which the company onboarded its 2,000th service provider and brought its platform transaction volume past the $50 million mark.

This funding is rounded out by other notable names in commercial real estate and venture capital, including Fifth Wall Ventures, Mitsui Fudosan, RXR Realty, Thor Equities, Bessemer Venture Partners, Alate Partners, Quiet Capital, S28 Capital, Canvas Ventures, Comcast Ventures, Upshift Partners, Impala Ventures, ENIAC Ventures, Crystal Towers and a number of leading angel investors.

San Francisco-based Eden is available in 25 major U.S. metro areas, with several cities live internationally. For office administrators and facilities managers of high standards properties, the online marketplace provides them with best-in-class services to run their workplaces—from cleaning services and handymen, to snack purchases and HVAC repair. Its customized software provides centralized service partner bid collection as well as vendor management and a billing system. Account managers and project managers oversee all customer operations and ensure successful outcomes; Eden saves facilities managers, global owners and property managers over 20 percent in cost versus managing a collection of individual service vendors or working with a legacy facilities management provider. Clients include Shift, Alto Pharmacy, VTS and Convene.

Since its founding in 2015, Eden has been the fastest growing workplace management platform. The Series B fundraise will enable Eden to further accelerate its upward trajectory by investing in its suite of SaaS tools for each operational stakeholder in the building, especially the facilities manager and the service partner. Eden will also invest heavily in building its team, currently 65 employees, as it continues to expand globally.

“Reshape aims to power companies that are having a transformative impact within the real estate space—companies that are providing the services and technology needed to set the industry up for success into this new decade and beyond,” said Vik Patel, a partner of Reshape, the next-generation investor in tech-enabled companies that need real estate to scale. “Eden perfectly fits this bill, targeting the enormous workplace market that we believe can be radically transformed. We’re very much looking forward to this successful partnership.” Mr. Patel will be joining Eden’s Board of Directors.

“We’ve been early advocates of Eden since investing in the company’s Series A financing in 2017 and have helped them build relationships with a range of built world companies from Convene to Knotel,” said Brad Greiwe, co-founder and managing partner at Fifth Wall. “Eden has altered the way organizations operate their real estate portfolios at scale, and we’re optimistic about the role they’ll continue to play in the evolution of the workplace industry.”

“We are really proud to have reached this milestone so that we can further our mission of creating a better workplace for everyone,” said Joe Du Bey, co-founder and CEO of Eden. “We are grateful that Reshape, alongside returning investors S28 Capital and Fifth Wall, among other strong supporters, are committed to our vision of being the first global facilities management company that fully integrates its physical services and software. We are excited to drive transformation in the workplace industry as we enter our next phase of growth.”

To date, Eden has raised over $40 million from top investors. In 2018, Eden acquired OrgOrg, the leading curated online forum for office managers and other workplace experience professionals. The acquired entity continues to operate independently as the heart and soul of the office manager community.

ABOUT EDEN:
Eden is the leading workplace management platform, making it easier for innovative companies to run their offices. Eden is available in 25 major global metro areas, with more than 2,000 service partners providing all facilities and workplace experience services required to run a high standards office. Top requested services on Eden include janitorial, handymen, IT support, electricians, plumbers, cabling, snacks, coffee, food delivery, and more. Using Eden’s platform, a facilities or workplace manager receives bids for any requested service, consolidated billing, service partner communication tools, and access to Eden’s ticketing / work-order software.

Eden is based in San Francisco and has raised $40 million from top investors such as Reshape, Fifth Wall Ventures, S28 Capital, Y Combinator Continuity, Bessemer Venture Partners, Quiet Capital, Mitsui Fudosan, RXR Realty, Thor Equities, Alate Partners, Canvas Ventures, Comcast Ventures, Upshift Partners, Impala Ventures, ENIAC Ventures, Maven Ventures, Liquid2 Ventures, Crystal Towers, Slow Ventures, Social Starts, SV Angel, and other leading funds and angels. To learn more about Eden, visit www.eden.io.

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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES SOFTWARE CONSTRUCTION & PROPERTY HUMAN RESOURCES INTERNET BUILDING SYSTEMS PROFESSIONAL SERVICES TECHNOLOGY

SOURCE: Eden

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PUB: 11/19/2019 09:00 AM/DISC: 11/19/2019 09:01 AM

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