Veev (construction company)

Veev

Company type	Private
Industry	Construction Technology
Founded	2008;17 years ago (2008)
Headquarters	Hayward, California, U.S.
Area served	United States
Products	Panelized wall systems Modular housing platforms
Services	Offsite construction Prefabricated housing systems
Website	veev.com

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]}

History

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]

References

1. "Hayward Companies Named Finalists For East Bay Innovation Awards". Castro Valley, CA Patch. 2025-03-26. Retrieved 2025-04-22.
2. Anderson, Stuart (2022-10-27). "Immigrant-Founded Veev Builds Future In America". Forbes. Retrieved 2025-04-29.
3. Fleisher, Gary (2024-04-30). "Lessons From Veev's Revival". Offsite Builder Magazine. Retrieved 2025-04-22.
4. Hall, Christine (2023-10-31). "This proptech startup says generative building design can change the way cities are built". TechCrunch. Retrieved 2025-04-22.
5. Azevedo, Mary Ann (2022-03-01). "Real estate developer turned prefab home builder Veev closes on $400M in fresh funding". TechCrunch. Retrieved 2025-04-29.
6. "Problems with prefabricated homes: Why Lennar bought Veev". Business Insider. Retrieved 2025-04-29.
7. Staff, T. R. D. (2023-12-29). "Veev Acquisition is Indication of Potential Proptech Reset". GlobeSt. Retrieved 2025-04-29.
8. Report, Staff (2025-04-10). "6 Homebuilding Trends Shaping 2025 and Beyond | Mecklenburg Times" . Retrieved 2025-04-22.
9. "Explainer: Why Did Veev Fail and What Happens Next". Builder Online. 30 November 2023. Retrieved 2025-04-29.
10. "Veev assets sold: Prefab startup's journey ends". Calcalist. 29 November 2023. Retrieved 2025-04-29.
11. Azevedo, Mary Ann (2022-03-01). "Real estate developer turned prefab home builder Veev closes on $400M in fresh funding". TechCrunch. Retrieved 2025-04-22.
12. "Patents Assigned to VEEV GROUP, INC. - Justia Patents Search". Justia. Retrieved 2025-04-22.
13. Anderson, Stuart (2022-10-27). "Immigrant-Founded Veev Builds Future In America". Forbes. Retrieved 2025-04-29.