Funding round
Veev Growth
Reported as "Growth Equity"
Veev, which works in homebuilding and sales in Hayward, raised $100M in a Growth round announced on 23 Mar 2021. 6 firms took part. It is Veev's second venture round on record; the one before was a Series B in Feb 2020.
$100M
Amount raised
Not disclosed
Post-money valuation
6
Investors
no lead named
Valuation
What this round says about the price
Veev did not disclose a valuation in this round. It came 13 months after Veev's Series B. It is 17% of the $597M Veev has raised in the venture rounds on record. Veev raised again 12 months later: a Series D round of $400M in Mar 2022, at $1.00B post-money.
Investors
Who put money in
6 firms took part; no lead investor was named.
Investors
- More Investment House new investor
- Migdal Group new investor
- backs 2 venture-backed companies new investor
- Shavit Capital new investor
- Len X new investor
- backs 36 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Home Builders & Renovation Contractors, then Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Home Builders & Renovation Contractors | 13 Apr 2021 | $90M | not disclosed | New Mountain Capital |
| Amoun Pharmaceutical Pharmaceutical Products | 31 Mar 2021 | $740M | not disclosed | not named |
| Epidemic Sound Art & Music Publishers | 10 Mar 2021 | $450M | $1.40B | Blackstone |
| Dream Sports Tech Companies | 24 Mar 2021 | $400M | $5.00B | Technology Crossover Ventures and D1 Capital Partners |
| LIVEKINDLY Collective Food Production | 29 Mar 2021 | $335M | not disclosed | TPG |
| Dapper Labs Tech Companies | 30 Mar 2021 | $305M | $2.60B | Coatue |
| Vestiaire Collective Clothing Stores | 1 Mar 2021 | $216M | not disclosed | Kering and Tiger Global |
| Loggi Shipping Couriers | 1 Mar 2021 | $205M | $2.00B | CapSur Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Veev raise in its Growth round?
Veev raised $100M in its Growth round, announced in Mar 2021.
Which investors took part in Veev's Growth round?
More Investment House, Migdal Group, Psagot, Shavit Capital, Len X and J-Ventures.
What was Veev's valuation at the Growth round?
It was not disclosed.
Did Veev raise again after this round?
Yes: a Series D round in Mar 2022 of $400M at $1.00B post-money.