Six weeks after a report strongly implied Eaze is on the ropes, the San Francisco company confirmed that it has secured $15M in bridge-round funding, along with another $20 million as part of a Series D round of funding. The funds are to enable the non-plant touching delivery tech company’s transition into a plant-touching company.
“Verticalization is Eaze’s second act,” said CEO Ro Choy.
- An entity called Founders JT LLC led the Series D funding. Previous investors Rose Capital and DCM led the bridge round.
- In recent months, Eaze has changed key execs and experienced layoffs. Last month TechCrunch reported that the company was nearly out of cash. The company says the pivot will capitalize on the customer base they have built.
- The first brand to be sold by Eaze will be Hometown Heart, with whom the company has had an eventful relationship.