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Veev Acquisition Is Indication of Potential Proptech Reset

As investment support has fallen, companies might fall to the wayside with an increase in acquisitions.

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When affordable housing construction tech company Veev started 15 years ago, it probably wasn’t with the thought of an ultimate collapse after $597 million in raised funds with investors like JLL Spark, according to Crunchbase.

California headquarters and R&D in Israel, the company’s website is still up, stating, “Our process includes digital architectural & structural design, full panelized manufacturing and on-site installation.” It was supposed to be a time- and money-saving approach to residential building at scale.

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Erik Sherman

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