Veev is a panelized construction company that focuses on prefabricated building systems. The company has developed a proprietary construction platform combining digital manufacturing with sustainable materials, with the goal of improving efficiency and reducing environmental impact in home construction.[1][2]
Veev was founded in 2008 to explore a panelized approach to homebuilding.[3] Its system involves off-site wall manufacturing with mechanical, electrical, plumbing (MEP), and fire safety systems integrated to reduce labor, construction time, and material waste.[4]
In 2020, Veev raised $75 million from LenX, the venture arm of Lennar.[5] The company was valued at over $1 billion following a $400 million Series D round in 2022.[6]
In 2023, Lennar acquired Veev's assets and began using its platform within its own operations.[7][8][9][10]
Technology
Veev's construction system includes cold-formed steel framing and acrylic finishes fabricated through digital design and Computer Numerical Control (CNC) processes.[11]
The company holds patents for prefabricated wall assemblies with embedded MEP systems. One patent describes a multi-head fire sprinkler system designed to serve multiple rooms via a single conduit.[12]
A 2023 Forbes article noted that Veev's approach reportedly reduced embodied carbon by 50% and construction waste by 89% compared to traditional homebuilding methods.[13]
Recognition
In 2025, Veev received the StopWaste Environmental Leadership Award for its home construction approach that reduces waste, emissions, and on-site disruption.[14]
That same year, the company was recognized in the Gold Nugget Awards as an Award of Merit Winner in the category Innovative Housing Concepts – Construction Technology.[15]
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