Californian homebuilding company, Veev, has raised $400m in a Series D funding round led by BOND.
The company says it will use the funding to scale its operations, accelerate R&D, and expand into new markets.
LenX, Zeev Ventures, Fifth Wall Climate Tech, and JLL Spark Global Ventures also participated in the round.
Veev is a vertically integrated building technology company taking a tech-enabled approach to building turnkey, high-quality homes.
The Veev system leverages a proprietary panelised approach to produce fully cladded walls, complete with mechanical, electrical, and plumbing.
Amit Haller, Veev CEO and co-founder, commented: “By rethinking every element of the home, including design, materials, and the built environment, and fully integrating the homebuilding process from start to finish, we have managed to produce homes at a quality, speed, value, and sustainability that is unseen in the industry – until now.”
Veev claims that their homes can be built 4x faster than the industry standard and with 47% less CO2 emissions.
Noah Knauf, General Partner at BOND, added: “Veev will fundamentally change the way we build and experience homes in this country.
“From software-defined manufacturing to in-house supply chains, Veev is leading the industry with new technological construction practices of unprecedented quality and sustainability.”
This latest round brings Veev’s total funding to date to $600 million.
Image credit: Veev
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