Total amount raised
$597 Millions
Latest funding date
02/01/2022
Location
Veev has successfully raised significant funding through a Series D round, attracting a total of 16 investors, including Bond and JLL Spark. The company is revolutionizing the home-building process with its innovative technology and commitment to sustainability.
Keep reading to explore the intricacies of Veev's fundraising journey and the investors backing this transformative platform.
What Is Veev?
Veev, founded in 2008, is a pioneering company in the construction and real estate industries. Headquartered in San Mateo, California, Veev specializes in building high-performance homes using innovative materials and a digital home ecosystem.
The company was founded by Ami Avrahami, Amit Haller, and Dafna Ben Porat Akiva. With an employee count ranging from 251 to 500, Veev continues to revolutionize the home-building process by integrating technology and sustainability into every aspect of their projects.
How Much Funding Has Veev Raised?
- Series D
- Amount Raised: $400M
- Date: February 2022
- Lead Investors: Bond
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations, enhance technology stack, and expand market reach.
- Series C
- Amount Raised: $100M
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and business reach.
- Series B
- Amount Raised: $85M
- Date: February 2020
- Lead Investors: Lennar Ventures, Zeev Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and further develop construction technology.
- Debt Financing
- Amount Raised: $12M
- Date: February 2020
- Lead Investors: Western Technology Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and growth initiatives.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch new product offerings.
Total Amount Raised: $597M. Current Valuation: Not publicly disclosed.
Key Investors
- Bond
- Details: Bond is a venture capital firm that invests in technology-driven companies. They focus on supporting businesses that have the potential to disrupt traditional industries.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Not publicly disclosed.
- Lennar Ventures
- Details: Lennar Ventures is the venture capital arm of Lennar Corporation, one of the largest homebuilders in the United States. They invest in innovative technologies that can enhance the homebuilding and real estate industries.
- Investment Focus Areas: Homebuilding, real estate technology, construction technology.
- Notable Investments: Opendoor, Blend.
- Zeev Ventures
- Details: Zeev Ventures is a venture capital firm that invests in early-stage technology companies. They focus on companies that have the potential for rapid growth and market disruption.
- Investment Focus Areas: Technology, fintech, consumer internet.
- Notable Investments: Houzz, Tipalti, TripActions.
- Western Technology Investment
- Details: Western Technology Investment (WTI) is a venture debt firm that provides capital to early and growth-stage companies. They focus on supporting companies with strong growth potential.
- Investment Focus Areas: Technology, life sciences, clean technology.
- Notable Investments: Not publicly disclosed.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm that focuses on early-stage investments in technology and other sectors. They aim to support companies that can have a significant impact on society.
- Investment Focus Areas: Technology, healthcare, clean energy.
- Notable Investments: Square, DoorDash, Impossible Foods.
What's Next for Veev?
Veev stands at the cusp of a transformative era in homebuilding, leveraging its innovative technology to streamline the construction process. With significant financial backing, the company is poised to expand its operations, particularly in California and Texas, where the demand for affordable and sustainable housing is high. The integration of smart devices and prefabricated panels positions Veev to capitalize on the growing trend towards efficient and eco-friendly construction methods.
Future fundraising opportunities appear promising, as Veev's successful use of platforms like TASE UP demonstrates its ability to attract substantial investment. The company may continue to explore similar avenues to fuel its growth and technological advancements. However, challenges such as scaling operations, managing partnerships, and navigating regulatory landscapes remain. Despite these hurdles, Veev's commitment to innovation and sustainability suggests a bright future ahead.
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