What is Eved?
Launched in 2010, Eved serves as a specialized global AP and Payments Platform tailored for the complexities of the events, media, and entertainment sectors. By integrating supplier onboarding, automated invoice processing, and a robust reporting engine, the platform effectively bridges the gap between manual legacy systems and modern digital procurement. Eved provides the necessary visibility and security for large-scale organizations to manage complex payment workflows, ensuring that procurement, finance, and business stakeholders maintain operational efficiency and financial transparency.
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 MK Capital and Merrick Ventures LLC
Debt (2020): $350K backed by PPP
Debt (2021): $390K with participation from PPP
Key Investors in Eved
MK Capital
MK Capital is an early and growth-stage venture capital firm with nearly $300 million in assets under management, specializing in software and technology companies.
Merrick Ventures LLC
Merrick Ventures is a technology holding company, based in Chicago, founded by Michael W. Ferro, Jr.
PPP
Public-Private Partnership
What's next for Eved?
Following this major strategic investment, Eved is positioned to further enhance its digital transformation capabilities. The company's trajectory, marked by a history of Series A through Series C financing, suggests a focus on deepening its technological moat within the enterprise payments space. Future initiatives will likely prioritize the expansion of its automated payment ecosystem, aiming to provide even greater flexibility for global enterprises navigating the high-stakes demands of the media and entertainment landscape.
See full Eved company page
