What is Eved?
Launched in 2010, Eved operates as a sophisticated global accounts payable and payments platform specifically engineered for the events, media, and entertainment industries. The company addresses the inherent friction in B2B transactions by providing a centralized interface that integrates supplier onboarding, automated invoice processing, and secure global payment execution. By transitioning organizations from manual, legacy workflows to a digitized, transparent framework, Eved empowers procurement and finance departments to achieve greater operational efficiency. Its platform is designed to meet the rigorous demands of large-scale enterprises, offering a reporting engine that provides granular visibility into spend management, thereby fostering improved financial control and flexibility for global business stakeholders.
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. The firm is known for its active board involvement and commitment to fostering long-term operational success for its portfolio companies.
Merrick Ventures LLC
Merrick Ventures is a Chicago-based technology holding company founded by Michael W. Ferro, Jr., focused on strategic investments in high-growth tech enterprises.
PPP
Public-Private Partnership
What's next for Eved?
With a history of securing major enterprise-level funding, Eved is well-positioned to further penetrate the global market for automated payment solutions. The company's strategic focus remains on enhancing its digital infrastructure to support the increasing complexity of cross-border transactions in the media and entertainment sectors. As the demand for secure, scalable, and compliant payment processing continues to rise, Eved is expected to leverage its recent capital injection to accelerate product innovation, expand its supplier network, and deepen its integration capabilities with existing enterprise resource planning systems. This forward-looking strategy aims to solidify Eved's role as an indispensable partner for organizations seeking to optimize their financial operations and mitigate risks associated with manual procurement processes.
See full Eved company page
