Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When was LenX founded and what is its primary focus?
- LenX was founded in 2018 as the corporate venture capital arm of Lennar Corporation. It focuses on investing in real-estate technology and insurtech companies.
- What is LenX's typical investment stage?
- LenX typically participates in later-stage funding rounds, specifically Series B and above.
- Which Israeli startup has LenX co-invested in?
- LenX has co-invested in the Israeli proptech startup Veev, with investments in February 2020 and March 2022.
- What are some notable companies in LenX's portfolio?
- LenX's portfolio includes Veev and Hippo Insurance. According to startupim data, Veev raised $585M and Hippo Insurance raised $1.27B.
- Has LenX had any exits from its portfolio companies?
- Yes, LenX has had two notable exits: Hippo Insurance went public via IPO on NYSE in August 2021 with a $5B valuation, and Veev was acquired by Lennar in December 2023 for an undisclosed amount.
- In which sectors does LenX concentrate its investments?
- LenX concentrates its investments in the Fintech & Insurtech and Industrial Technologies sectors, with 3 rounds in the former and 2 in the latter.
- What is LenX's investment range?
- LenX's investment range is between $70 million and $400 million per round.
- Has LenX acted as a lead investor in any rounds?
- Yes, LenX was a lead investor in Veev's $85 million round in February 2020.