- Leading workplace management platform Eden announced it has raised $25 million in funding led by Reshape. A group of prominent VC and real estate firms also joined this round.
Eden — a leading workplace management platform that makes it easier for innovative companies to run and scale their offices — has announced it raised $25 million in Series B funding led by Reshape. 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 also joined the round.
This round of funding is happening in conjunction with 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.
Now 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 Eden marketplace provides them with services to run their workplaces—from cleaning services and handymen to snack purchases and HVAC repair.
Eden’s customized software provides centralized service partner bid collection, vendor management, and a billing system. And account managers and project managers oversee all customer operations and ensure successful outcomes.
By using Eden, facilities managers, global owners, and property managers save more than 20% in cost versus managing a collection of individual service vendors or working with a legacy facilities management provider. Some of Eden’s clients include Shift, Alto Pharmacy, VTS, and Convene.
“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.”
Ever since Eden was founded in 2015, the company has been the fastest-growing workplace management platform. And with this round of funding, it 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 facilities managers and service partners. And Eden will invest heavily in building its team 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,” added Reshape partner Vik Patel — who is joining Eden’s board of directors. “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.”
Including this round, Eden has raised more than $40 million from top investors. Last year, Eden bought OrgOrg — which is a leading curated online forum for office managers and other workplace experience professionals. And the acquired entity continues to operate independently as the heart and soul of the office manager community.
“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,” explained 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.”
