What is Eved?
Launched in 2010, Eved operates as a comprehensive AP and Payments Platform designed for the Events, Media, and Entertainment industries. The platform simplifies supplier onboarding, invoice processing, global payments, and reporting, ensuring that businesses can pay suppliers efficiently and securely. Eved's solution provides enhanced efficiency, robust security, and clear visibility, enabling companies to achieve greater flexibility and operational effectiveness. It facilitates the transition from manual processes to digital workflows, driving improvements that benefit Procurement, Finance, and Business Stakeholders alike. The company's focus on streamlining financial operations within these specific, often complex, industries positions it as a key player in the market.
How much funding has Eved raised?
Eved has raised a total of $30.3M across 6 funding rounds:
Series A
$4M
Series B
$9.5M
Debt
$1.7M
Series C
$14.4M
Debt
$350K
Debt
$390K
Series A (2011): $4M, investors not publicly disclosed
Series B (2012): $9.5M led by New World Ventures I MK Capital
Debt (2013): $1.7M, investors not publicly disclosed
Series C (2015): $14.4M featuring Merrick Ventures LLC and MK Capital
Debt (2020): $350K backed by PPP
Debt (2021): $390K with participation from PPP
Key Investors in Eved
Merrick Ventures LLC
Merrick Ventures LLC is a technology holding company based in Chicago, known for its investments in various technology sectors. Their participation in Eved's Series C round indicates a strategic interest in financial technology and platforms serving specialized industries.
MK Capital
MK Capital is an early and growth-stage venture capital firm specializing in software and technology companies. Their investment in Eved highlights a focus on scalable SaaS solutions within the financial technology space.
New World Ventures I MK Capital
New World Ventures, often associated with MK Capital, is a venture capital firm that supports technology companies. Their involvement in Eved's Series B funding suggests a long-term belief in the company's potential and market strategy.
What's next for Eved?
With its recent major strategic investment and substantial overall funding, Eved is poised for accelerated growth and innovation. The company is likely to leverage this capital to expand its platform capabilities, enhance its global payment infrastructure, and broaden its market reach within the Events, Media, and Entertainment sectors. Further development of its supplier network and advanced analytics features can be anticipated. This strategic financing suggests a focus on scaling operations, potentially entering new geographic markets, and solidifying its competitive advantage by offering a more integrated and sophisticated financial management solution for its target industries.
See full Eved company page
