San Mateo, CA ; 2/28/20
Amount Funded: $97 Million ($85 million equity, $12 million debt)
Type: Series B
Lead Investor(s): Zeev Ventures, Lennar Ventures
Participating Investors: Eclipse Ventures, Green Spring Associates, Khosla Ventures, Western Technology Investment (debt provider)
Company Description: Veev provides integrated real estate solutions that create exceptional living experiences for all. Originally established in 2008, the company consolidated its group of subsidiaries in 2019 to accelerate the pace of innovation in the residential housing market. Veev has more than 260 team members with its headquarters and fabrication facility located in the San Francisco Bay Area and an office in Tel Aviv.
What funding will be used for:
Accelerate the development of the Veev panelized building system, scale its business
“Our investors add strategic capabilities that help us to accelerate our growth and product performance to deliver residential housing solutions to market quickly. We continue to mature the Veev panelized building system and global operational capacity to deliver on our vision of exceptional living for all.”
-Amit Haller, CEO, Chairman and Co-founder, Veev
“The Veev approach to buildings as a consumer product promises to improve quality and value for everyone. Currently this is critical for California and other high-cost markets but will ultimately benefit all markets.”
-Oren Zeev, founding partner, Zeev Ventures
Data provided by respective company (unless otherwise noted) and researched by StartupsOne for accuracy.