About Veev
Veev builds smart and sustainable homes using advanced technology to improve the construction process. Their homes feature programmable operations that let homeowners control aspects like lighting and temperature through touch panels or mobile apps. Veev's unique Veev Closed Wall System enhances strength and efficiency, allowing for faster construction and reduced costs. Unlike traditional builders, Veev homes are sold at a premium due to their high quality and sustainability, producing significantly lower carbon emissions. The company aims to expand its reach by partnering with real estate developers in California and Texas, focusing on delivering superior homes that meet modern demands.
San Mateo, CaliforniaHeadquarters
2008Year Founded
$569MTotal Funding
ACQUISITIONCompany Stage
Energy, Real Estate, Consumer GoodsIndustries
201-500Employees
Benefits
Health, dental, & vision
Stock Options
Paid flexible vacation time
Paid sick time
10 Company Paid Holidays
401(k) Plan
Cell Phone Stipend
Counseling Services
Risks
Veev's recent insolvency may erode trust among investors and partners.
The abrupt cancellation of a capital-raising initiative indicates financial instability.
Default on a 50-unit project in San Francisco could harm Veev's reputation and future projects.
Differentiation
Veev integrates advanced technology into homebuilding, offering programmable home operations via touch panels.
The Veev Closed Wall System ensures higher quality and reduces construction time and costs.
Veev's homes produce 54% lower carbon emissions, emphasizing sustainability in construction.
Upsides
Veev's expansion into single-family homes aligns with a national shortage of 6.5M homes.
The Digital Fab facility in Hayward can build up to 500 homes annually, boosting efficiency.
Strategic partnerships in California and Texas strengthen Veev's market presence and brand recognition.
Funding
Total raised$569.05 M
Latest valuation$1.00 B
StageACQUISITION
ACQUISITION
11/30/2023$100
SERIES D
2/28/2022$400
$1.00 BLATE VC
2/28/2021$100
$500.00 MDEBT
1/31/2020$12
$85
$425.00 M