CasaOne secures $50 million in debt from Credit Suisse

CasaOne has raised debt financing of $50 million from Credit Suisse, which the furniture rental company will use to support its overall growth plans.

The company had previously raised $16 million in Series B led by Accel in September 2019. The company also offers a commercial furniture rental solution, 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,” said Shashank Shankaranarayana, CEO of CasaOne and BureauOne.

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.