Veev raises $100 million
San Mateo, Calif.-based homebuilding startup Veev has raised $100 million in a funding round that included More Investment House, Migdal Insurance Company, Psagot Investment House, and Shavit Capital. Since its inception in 2008, the company has raised $200 million.
Veev (a team of ~182) vertically integrates the entire homebuilding process – including design, materials and manufacturing – to deliver a higher quality and healthier living experience. “Veev’s technology-driven solution focuses on streamlining design, modular prefabrication and technology processes to deliver homes at a lower cost and four times faster than the industry standard.”
“The housing and construction industries have been slow to adopt new technologies. Veev optimizes every step of the homebuilding process with an integrated approach and scalable manufacturing to build better homes to meet surging demand, while improving quality. With additional capital to fuel our growth, we can remain laser-focused on bringing exceptional living to all with our innovative building technology.” – Veev CEO and Co-Founder, Amit Haller.