How Much Did Veev Raise? Funding & Key Investors

Veev has successfully raised funding over five rounds, with the latest being a Series D round. The company is backed by notable investors, including Bond and JLL Spark.

Keep reading to explore the intricacies of Veev's fundraising journey and the investors backing this innovative platform.

What Is Veev?

Veev is a modern homebuilding company based in San Mateo, California, specializing in innovative and precision-built homes. The company operates in the construction, real estate, smart building, and smart home industries.

With an employee count ranging from 251 to 500, Veev integrates technology and sustainable practices to create meticulously designed turnkey homes. The company has been acquired by Lennar Corporation, a leading homebuilder in America.

How Much Funding Has Veev Raised?

1. Series Unknown
   • Amount Raised: Not publicly disclosed
   • Date: January 2018
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: Likely aimed at supporting initial growth and development.
2. Series B
   • Amount Raised: USD 85,000,000
   • Date: February 2020
   • Lead Investors: Lennar Ventures, Zeev Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale up operations and continue innovating in construction technology.
3. Debt Financing
   • Amount Raised: USD 12,000,000
   • Date: February 2020
   • Lead Investors: Western Technology Investment
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support operational expenses and short-term financial needs.
4. Series C
   • Amount Raised: USD 100,000,000
   • Date: March 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand operations and business reach, particularly in California.
5. Series D
   • Amount Raised: USD 400,000,000
   • Date: February 2022
   • Lead Investors: Bond
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To fuel growth and technological innovation in homebuilding.

Veev has raised a total of USD 597,000,000. The current valuation is Not publicly disclosed.

Key Investors

• Bond
  • Details: Bond is a lead investor in Veev's Series D funding round. They are known for investing in high-growth technology companies.
  • Investment Focus Areas: Technology, innovation, high-growth companies.
  • Notable Investments: Not publicly disclosed.
• Lennar Ventures
  • Details: Lennar Ventures is the venture capital arm of Lennar Corporation, a leading homebuilder in America. They led a $97 million funding round for Veev.
  • Investment Focus Areas: Real estate, construction technology, homebuilding.
  • Notable Investments: Veev.
• Zeev Ventures
  • Details: Zeev Ventures is a venture capital firm that led a $97 million funding round for Veev. They focus on early-stage investments in innovative technology companies.
  • Investment Focus Areas: Technology, startups, innovation.
  • Notable Investments: Veev.
• Western Technology Investment
  • Details: Western Technology Investment provided debt financing of $12 million to Veev. They specialize in venture debt financing for technology companies.
  • Investment Focus Areas: Technology, venture debt, growth-stage companies.
  • Notable Investments: Not publicly disclosed.
• JLL Spark
  • Details: JLL Spark is a venture capital division of JLL, a global real estate services firm. They invest in companies that are transforming the real estate industry.
  • Investment Focus Areas: Real estate technology, proptech, innovation.
  • Notable Investments: Not publicly disclosed.

What's Next for Veev?

Veev stands at the cusp of significant growth opportunities, driven by its innovative construction technology and recent funding successes. The company is poised to expand its operations in California, leveraging its vertically integrated homebuilding process to meet the rising demand for high-quality, cost-effective homes. This expansion is bolstered by the $100 million raised through TASE UP, which underscores strong investor confidence.

Future fundraising efforts are likely to continue through platforms like TASE UP and venture capital investments, enabling Veev to scale its projects and potentially enter new markets. However, the company may face challenges such as managing rapid growth, ensuring the quality of prefabricated materials, and navigating regulatory hurdles in the construction industry.

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