Veev Hits $200M in Capital Raise to Address Housing Crisis
Since the recession, the nation has experienced a housing shortage which has ballooned to a current deficit of 7 million units, with 3 million in California alone. Veev recently added $100 million in funding to fuel its rapid growth and reinvent the way homes are built.
The company has raised nearly $200 million to date in total funding. Veev raised the new funding through a listing on TASE UP, a digital platform providing capital from Israeli-accredited institutional investors.
Veev’s business model addresses the nation’s housing crisis head-on. With investment from major industry leaders such as LenX, which drives Lennar Corporation’s technology, innovation and strategic investments, Veev is positioned to offer a tangible solution to the ongoing shortage.
This financing comes on the heels of key milestones for the company including the launch of its new accessory dwelling unit offering, and completion of a 78-unit emergency housing project in partnership with San Jose – accomplished in under 90 days, a record pace in the industry. Veev is partnering with local and national developers to expand its footprint in California.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.