Property Tech Firm Veev Raises $400M In Series D Round

Israeli-founded firm Veev, a technology-enabled homebuilding company, has raised a $400 million Series D funding round, the firm announced on Tuesday.

The round was led by BOND, with participation from LenX, Zeev Ventures, Fifth Wall Climate Tech, and JLL Spark Global Ventures.

The new capital will allow Veev to scale its operations, expand construction and distribution to new markets, and accelerate R&D initiatives that will make the production of high-quality Veev homes even more sustainable and cost-efficient.

The latest round of financing follows a period of momentous growth for the homebuilding technology company. Veev recently completed a 78-unit emergency housing development in San Jose, California, that took just 90 days to complete. In November, Veev announced a partnership with Lennar to build 102 attached homes in Northern California.

Founded in 2008 by Amit Heller, Ami Avrahami, and Dafna Akiva, Veev is a vertically integrated building technology company taking a technological path to building turnkey, high-quality homes. The Veev system leverages a proprietary panelized approach to produce fully cladded walls, complete with mechanical, electrical, and plumbing (MEP). The pre-inspected walls are delivered to the site ready for installation using their cutting-edge plug & play system.

Traditional methods of homebuilding have proven unable to solve America’s housing crisis, in both rural and urban communities. By reimagining the entire building process, Veev is able to build high-quality homes faster, more sustainably, and at a lower cost than traditional construction:

“Veev reimagined the entire homebuilding process by thinking about the home-as-a-product – the ultimate consumer product,” said Amit Haller, Veev CEO and co-founder. “By rethinking every element of the home, including design, materials, and the built environment, and fully integrating the homebuilding process from start to finish, we have managed to produce homes at a quality, speed, value, and sustainability that is unseen in the industry – until now.”