Veev is a technology-driven homebuilding company reimagining how modern homes are designed and constructed. With over $600 million in funding from investors like Greenspring Associates and Lennar Ventures, Veev combines sustainability, innovation, and digital manufacturing to deliver next-generation housing solutions. The company’s proprietary closed wall system integrates mechanical, electrical, plumbing, and fire safety systems—reducing waste and enhancing construction efficiency.
What Is Veev and What Does It Do?
Veev, founded by Ami Avrahami, Amit Haller, and Dafna Ben Porat Akiva in 2008, is a U.S.-based construction technology company headquartered in San Mateo, California. The company designs and builds high-performance, all-electric homes using a proprietary closed wall system that enhances durability, energy efficiency, and seismic resilience.
Veev employs between 201 and 500 people and focuses on delivering affordable, sustainable housing solutions through advanced materials like light gauge steel and high-performance surfaces. Its approach integrates technology, digital fabrication, and smart home ecosystems to streamline construction and create eco-friendly living spaces.
How Much Funding Has Veev Raised?
1. Series D
- Amount Raised: $400M
- Date: February 2022
- Lead Investors: Bond
- Motivation: To scale operations, enhance proprietary technology, and expand into new housing markets.
2. Series C
- Amount Raised: $100M
- Date: March 2021
- Motivation: To accelerate growth and strengthen operational infrastructure.
3. Series B
- Amount Raised: $85M
- Date: February 2020
- Lead Investors: Lennar Ventures, Zeev Ventures
- Motivation: To advance modular construction and automation technology.
4. Debt Financing
- Amount Raised: $12M
- Date: February 2020
- Lead Investors: Western Technology Investment
- Motivation: To support scaling and operational efficiency.
Total Funding Raised: $600 Million
Current Valuation: $1 Billion (as of December 2023)
Latest Funding Date: February 2022
Key Investors
1. Lennar Ventures
- Details: The venture capital arm of Lennar Corporation, one of the largest homebuilders in the U.S.
- Investment Focus Areas: Real estate, homebuilding, and construction technology.
- Notable Investments: Opendoor, Blend.
2. Zeev Ventures
- Details: Early-stage venture capital firm supporting high-growth technology companies.
- Investment Focus Areas: Technology, fintech, consumer internet.
- Notable Investments: Houzz, Tipalti, TripActions.
3. Khosla Ventures
- Details: Venture capital firm backing transformative innovations with long-term societal impact.
- Investment Focus Areas: Technology, clean energy, and healthcare.
- Notable Investments: Square, DoorDash, Impossible Foods.
Where Is Veev’s Headquarters?
Veev’s headquarters in San Mateo, California, position the company within the Bay Area's innovation hub. This strategic location offers access to advanced manufacturing talent, technology partnerships, and sustainable design expertise enabling Veev to drive its mission of reimagining housing through digital construction.
What’s Next for Veev?
Veev is set to expand its presence in California and Texas, focusing on scalable, sustainable, and affordable housing solutions. With continued investment in automation and smart home integration, the company aims to shorten build times, reduce environmental impact, and redefine the standards of modern home construction.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like Veev. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.
