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§ Private Profile · Chicago, IL, USA
Global enterprise AP and payments platform automating vendor management for events, media, and entertainment industries.
Based in Niles, Illinois, Eved develops and operates a global enterprise accounts payable and payments platform tailored specifically for the events, media, and entertainment industries. The company utilizes a software-as-a-service business model to digitize and automate manual financial workflows, including vendor onboarding, invoicing, payment processing, approvals, and final reconciliation. By integrating directly with existing corporate financial systems, the centralized platform serves to securely connect event planners, procurement departments, and finance teams within large organizations. Eved currently maintains a workforce of approximately 35 to 57 employees operating across two physical office locations, and the business generates an estimated $8.4 million in annual revenue. The software provider primarily targets Fortune 500 companies and global enterprises that require specialized infrastructure for managing highly complex supplier networks and high-volume production budgets. The enterprise software company was officially founded in 2010.
Eved has raised $38.3M across 3 funding rounds.
Eved has raised $38.3M in total across 3 funding rounds.
Eved has raised $38.3M across 3 funding rounds. Most recently, it raised $14.3M Other Equity in December 2015.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 20, 2015 | $14.3M Venture Round | David Bradley | Merrick Ventures, MK Capital, Pritzker Group Venture Capital | Announced |
| Dec 1, 2015 | $14M Series C | — | Insight Partners, MK Capital, Pritzker Group | Announced |
| Jan 1, 2012 | $10M Series B | MK Capital, Matt Mccall | Insight Partners, Pritzker Group | Announced |
Eved is a technology company providing a global payment automation platform tailored for enterprises in events, media, entertainment, and production industries[1][2][3][5]. It builds an intelligent, web-based system that automates vendor onboarding, budgeting, approvals, invoicing, payments, reconciliation, and reporting, uniting event planners, procurement, and finance teams in a single secure workflow[1][2][3][4][5]. Serving Fortune 500 companies and large organizations with complex supplier networks, Eved solves the problem of manual, spreadsheet-based processes that drain time from creative work, delivering speed, visibility, security, efficiency, and compliance while enabling focus on high-impact projects like meetings, events, film, and TV productions[1][2][3][4]. With over 15 years of operation and 51-200 employees, Eved has grown from a startup into a trusted enterprise solution, combining sophisticated technology with white-glove service for global scalability[1][2].
Eved originated over 15 years ago from a small team of passionate problem solvers in the live events industry, where planners faced endless spreadsheets, manual approvals, and weekend reconciliations that hindered creativity[1]. The idea emerged from observing how talented event teams wasted time on payments instead of crafting experiences, prompting the founders—though specific names are not detailed in available sources—to create a digital bridge between flexibility for planners and control for companies[1]. Early traction came from empowering event teams in this niche, evolving into a global platform that expanded into film, television, media, and entertainment, transforming manual AP processes for sophisticated organizations worldwide[1][2][3].
Eved stands out in the spend management and AP automation space through these key strengths:
Eved rides the wave of AP automation and digital transformation in creative, high-spend sectors like events and media, where post-pandemic recovery has amplified demand for efficient, contactless supplier management amid rising global production volumes[1][2][3]. Timing aligns with enterprises digitizing fragmented finance processes—manual invoicing persists in events despite broader fintech advances—positioned by market forces like regulatory compliance needs, cost pressures, and supplier globalization favoring scalable platforms[3][4]. By modernizing payments at the "intersection of finance and creativity," Eved influences the ecosystem, enabling Fortune 500 innovation in experiences while setting a model for industry-specific spend tech that boosts operational resilience[1][2].
Eved is primed for expansion as AI-enhanced AP tools and embedded finance trends accelerate, potentially integrating deeper analytics or blockchain for even faster global reconciliation in booming sectors like virtual/hybrid events and streaming production[1][5]. Rising enterprise focus on spend visibility amid economic volatility will shape its path, with opportunities in adjacent creative fields like gaming or advertising. Its influence may evolve from niche event leader to broader production finance standard, sustaining growth by prioritizing human-centered simplicity in an increasingly automated world—echoing its founding vision to let creators "pay securely and create fearlessly."[1]
Eved has raised $38.3M in total across 3 funding rounds.
Eved's investors include David Bradley, Merrick Ventures, MK Capital, Pritzker Group Venture Capital, Insight Partners, Pritzker Group, Matt McCall.