- Acquired by Lennar, Dec 2023
- Raised $400M funding round led by Bond , Mar 2022
- Raised $100M funding round, Mar 2021
About
Veev is a tech-enabled homebuilder that aims to address the housing crisis head on. The company uses a proprietary panelized building system and a digital fabrication process to design and produce new homes. Veev's homes are four times faster to build than traditional means, at a lower cost and with a much lower carbon footprint.
The company's panelized construction takes place in its 50,000-square-foot "Digital Fab" facility, where homes are manufactured as a near-final product with all mechanical, electrical, and plumbing included. These walls are then delivered directly to the construction site where they are prepped for installation. Veev's panelized system is more flexible in terms of design and site location than volumetric factory-built housing.
Funding history · 4 rounds · $585.0M total
Q&A
- What is Veev's current status?
- Veev was acquired by Lennar in December 2023 and is currently inactive due to the acquisition.
- When was Veev founded and where is its headquarters located?
- Veev was founded in January 2008 and its headquarters is located in Tel Aviv-Yafo, Israel.
- How much total funding did Veev raise before its acquisition?
- Veev raised a total of $585 million USD.
- Which company acquired Veev and when did the acquisition take place?
- Veev was acquired by Lennar in December 2023.
- What was Veev's last funding round?
- Veev's last funding round was a $400 million investment in March 2022, led by Bond.
- What is Veev's primary business according to its description?
- Veev is a tech-enabled homebuilder that uses a proprietary panelized building system and digital fabrication process to design and produce new homes, aiming to build homes faster, at a lower cost, and with a lower carbon footprint.
- What was the employee count range for Veev?
- Veev had an employee count in the 51-200 range.
- What was a significant event for Veev in November 2022?
- In November 2022, Veev laid off approximately 100 employees, which accounted for around 30% of its workforce, as part of a strategic decision to focus on developing low-rise housing units.
Team · 3
Sectors & technology
Highlights
Tags
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| linkedin.com/company/18594945 | |
| instagram.com/veevhomes |
Identifiers & details
| Former names | Dragonfly |
|---|---|
| Founded | 2008-1 |
| Employees (exact) | 125 |
| Offices | Hayward |
| Status reason | Acquired (Inactive) by Lennar on Dec 2023 - closed due to acquisition |
Acquisitions & public offerings
Acquired by Lennar 2023-12
Radar intelligence
Patents
| EPO | 28 |
|---|