Veev Group, Inc.

Based in the US, Veev Group, Inc. specializes in innovative construction solutions, offering turnkey homes through its unique Closed Wall System, enhancing efficiency and sustainability in residential building. Veev Group, Inc. was founded in 2008 in San Mateo, US.

The company focuses on constructing high-performance homes using a proprietary Closed Wall System. Co-founded by Ami Avrahami and Amit Haller, Veev has raised a total of USD 94. 50 mn through various funding rounds, with the latest being a Series D round led by Bond in December 2023. Veev has completed 6 deals and is headquartered in San Mateo, California.

The company's most recent deal involved its acquisition by Lennar Corporation from several venture capital firms, including Khosla Ventures and Fifth Wall Ventures, although financial terms were not disclosed. Veev specializes in the construction of turnkey homes through its proprietary Closed Wall System, which integrates all essential mechanical, electrical, plumbing, and fire safety systems within its walls. This innovative approach ensures homes are built with greater efficiency, durability, and sustainability compared to traditional construction methods. The company’s core product offerings focus on delivering high-performance residential structures framed with Light Gauge Steel (LGS) and finished with High Performance Surface (HPS) materials, which promote reduced waste and enhanced hygienic properties.

Veev serves a range of clients, including developers and individual homebuyers, primarily in California and Texas, with a focus on communities in Castro Valley and Santa Rosa. By emphasizing advanced technology and craftsmanship, Veev aims to meet the needs of environmentally conscious consumers seeking modern living solutions designed for the 21st century. Veev generates revenue through direct transactions with clients, primarily engaging in B2B partnerships with developers and home builders. The company’s transaction structure typically involves contracts for the construction of residential communities, where clients pay for the delivery of fully integrated homes based on individual project specifications and timelines.

Veev’s flagship service, the Closed Wall System, serves as a cornerstone of its offerings, positioning the company to capture a segment of the growing market for sustainable housing. The pricing structure is reflective of the high-quality materials and innovative building techniques employed, although specific pricing details are proprietary to individual projects. Veev's emphasis on sustainability and efficiency further enhances its appeal, potentially leading to repeat business and long-term partnerships within its operational markets. Looking ahead, Veev plans to launch new product offerings that further enhance its construction capabilities, with specific timelines yet to be disclosed.

The company is targeting expansion into new markets, particularly focusing on areas outside California and Texas, by the end of 2024. Recent funding from the Series D round will be allocated to support these initiatives, allowing Veev to enhance its product development and broaden its geographic reach while continuing to invest in its proprietary construction technologies.