What is Eved?
Launched in 2010, Eved operates as a comprehensive global Accounts Payable (AP) and Payments Platform tailored for the Events, Media, and Entertainment industries. Its user-friendly interface facilitates supplier onboarding, invoice processing, global payments, and robust reporting, ensuring secure and efficient vendor payments. Eved's solution drives efficiency, enhances security, and provides critical visibility, enabling businesses to achieve greater flexibility and operational effectiveness. The platform is designed to transition companies from manual processes to digital workflows, fostering improvements that benefit Procurement, Finance, and Business Stakeholders alike.
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, founded by Michael W. Ferro, Jr., indicating a strategic interest in technology-driven enterprises.
MK Capital
MK Capital is an early and growth-stage venture capital firm specializing in software and technology companies, known for providing funding, mentorship, and operational support to its portfolio companies.
What's next for Eved?
With a history of consistent capital acquisition, including significant debt financing and earlier-stage equity rounds, Eved appears poised for continued expansion and technological advancement. The recent strategic investment, alongside substantial prior funding, suggests a focus on scaling operations, enhancing its platform capabilities, and potentially broadening its market reach within the enterprise-level events and entertainment sectors. Eved's strategic positioning as a digital transformation enabler for payment processes indicates a strong potential for further market penetration and innovation.
See full Eved company page
