What is Veev?
Founded in 2008 and headquartered in San Mateo, California, Veev operates as a vertically integrated real estate developer. The company offers a comprehensive, turnkey solution that encompasses asset management, architectural and structural design, permitting, modular construction, installation, and the integration of a digital home backbone. This in-house approach allows Veev to control the entire development process, aiming for efficiency and quality in delivering residential properties.
How much funding has Veev raised?
Veev has raised a total of $602M across 4 funding rounds:
Series B
$97M
Debt
$5M
Other Financing Round
$100M
Series D
$400M
Series B (2020): $97M with participation from Eclipse Ventures, Western Technology Investment, Green Spring Associates, and Khosla Ventures
Debt (2020): $5M led by PPP
Other Financing Round (2021): $100M, investors not publicly disclosed
Series D (2022): $400M featuring Fifth Wall Climate Tech, JLL Spark Global Ventures, LenX, BOND, and Zeev Ventures
Key Investors in Veev
Fifth Wall Climate Tech
Fifth Wall Climate Tech is an investment firm focused on climate technology solutions within the real estate sector. Their backing of Veev suggests a strategic alignment with sustainable and innovative building practices.
JLL Spark Global Ventures
JLL Spark Global Ventures is the corporate venture capital arm of JLL, investing in technology that enhances the real estate industry. Their participation indicates a belief in Veev's technological advancements and market disruption potential.
Zeev Ventures
Zeev Ventures is an early-stage venture fund that invests in technology, financial, e-commerce, and consumer service sectors. Zeev Ventures was founded in 2015 and is based in Palo Alto, California. Zeev Ventures invests $1-$20M per round and continues to support the companies in subsequent rounds. Zeev Ventures has invested in 16 companies, with 3 exits, and 43 partner investments.
What's next for Veev?
The recent major enterprise-level funding, particularly the Series D round, positions Veev for significant scaling and further innovation in its development processes. This strategic investment is likely to fuel expansion into new markets, enhance its technological capabilities, and potentially accelerate its modular construction initiatives. The company's ability to secure such substantial backing suggests strong investor confidence in its unique, vertically integrated model and its potential to disrupt traditional real estate development.
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