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Veev is a technology company.
Veev constructs modern, high-quality homes utilizing an industrialized building approach. The company employs a large manufacturing facility to produce prefabricated elements, including a proprietary closed wall system, for rapid on-site assembly. This method enables swift delivery of all-electric luxury homes, substantially cutting construction timelines, waste, and site disruption.
Veev was founded in 2008 by Israeli tech entrepreneurs Amit Heller, Ami Avrahami, and Dafna Akiva. Their core insight aimed to redefine homebuilding by applying technology-driven efficiency to the construction industry. The founders sought a more streamlined, precise method for residential development, moving beyond conventional processes.
Veev serves homeowners, investors, and developers seeking premium, sustainably built residences. The company envisions homes designed and constructed for 21st-century demands, emphasizing purposeful engineering and reduced environmental impact. Its goal is to make advanced, eco-friendly housing more accessible through continuous innovation.
Veev has raised $682.0M across 4 funding rounds.
Veev has raised $682.0M in total across 4 funding rounds.
Veev has raised $682.0M in total across 4 funding rounds.
Veev's investors include Bond, Lux Capital, Social Capital, Tribe Capital, Bart Swanson, Fifth Wall, JLL Spark, LENx, Zeev Ventures, Eric Feder, Oren Zeev, Eclipse Ventures.
Veev is a building technology company that develops high-quality, customizable single-family homes using advanced manufacturing techniques like digital twin technology and a Closed Wall System. It serves developers and homebuyers in California and Texas, solving chronic issues in residential construction such as high costs, long build times, waste, and environmental impact by delivering homes 12x faster than traditional methods, with 50% fewer CO2 emissions and a 17% market price premium.[2][3] Founded in 2008 and headquartered in Hayward, California, Veev has raised $597 million from investors including BOND, LenX, Zeev Ventures, Fifth Wall Climate Tech, and JLL Spark Global Ventures, with production expected to surge 382% in 2022 over 2021 and profitability targeted within two years as of early 2022 data.[3]
Veev was founded in 2008 by Amit Haller (CEO), Ami Avrahami (Chief Product Officer), and Dafna Akiva (Chief Revenue Officer), driven by a vision to make exceptional living attainable through reimagined home design, construction, and servicing.[2][3] The idea emerged from a conviction that traditional building was inefficient and outdated, prompting Veev to pioneer tech-centric prefab solutions amid rising housing demands. Early traction included partnerships with developers for smart, eco-friendly communities; a pivotal moment came in March 2022 when Veev closed a $400 million funding round, fueling expansion as highlighted in TechCrunch coverage.[3] Leadership additions like Ari Rauch (COO, ex-Intel AI), Gordon Heneweer (CFO), Linda Keala (Chief People Officer, ex-PlanGrid), and others bolstered operations.[2][3]
Veev rides the proptech and climate tech waves, addressing U.S. housing shortages (estimated 4-7M unit deficit) amid labor shortages, rising material costs, and net-zero mandates. Timing aligns with post-pandemic demand for quick, sustainable builds and investor interest in modular construction, where traditional methods lag due to 20-30% waste and 6-12 month timelines.[2][3] Market forces like urbanization, green building incentives (e.g., IRA tax credits), and venture capital in proptech ($20B+ since 2020) favor Veev's model, influencing the ecosystem by setting standards for offsite manufacturing and reducing construction's 40% share of global emissions.[3][5] As a vertically integrated player, it challenges incumbents like Lennar or D.R. Horton, accelerating industry adoption of AI-driven design and prefab.
Veev is poised to capture share in the $1.5T U.S. housing market as modular tech matures, with expansion beyond CA/TX, new factory builds, and AI enhancements driving 5-10x production growth by 2030. Trends like prefab scaling (projected 20% CAGR), regulatory pushes for decarbonization, and affordable housing mandates will propel it, though supply chain volatility and economic slowdowns pose risks. Its influence may evolve from niche innovator to category leader, redefining "tech home builder" and enabling mass-customized, net-zero communities—transforming exceptional living from dream to standard, as envisioned since 2008.[2][3]
Veev has raised $682.0M across 4 funding rounds. Most recently, it raised $400.0M Series D in February 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2022 | $400.0M Series D | Bond | Lux Capital, Social Capital, Tribe Capital, Bart Swanson, Fifth Wall, JLL Spark, LENx, Zeev Ventures |
| Mar 25, 2021 | $100.0M Other Equity | ||
| Feb 27, 2020 | $97.0M Debt / Series B | Eric Feder, Oren Zeev | Eclipse Ventures, Greenspring Associates, Khosla Ventures, Western Technology Investment |
| Feb 1, 2020 | $85.0M Series B | Symbolic Capital, WestWave Capital, Zeev Capital, Zetta Venture Partners |