Funding round
Veev Series B
Veev, which works in homebuilding and sales in Hayward, raised $97M in a Series B round announced on 27 Feb 2020, led by Zeev Ventures and Lennar Ventures. 6 firms took part. It is Veev's first venture round on record.
$97M
Amount raised
of which $12M debt
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Veev did not disclose a valuation in this round. It is Veev's first venture round on record, 12 years after it was founded in 2008. It is 16% of the $597M Veev has raised in the venture rounds on record. Veev raised again 13 months later: a Growth round of $100M in Mar 2021. Its next priced round, a Series D in Mar 2022, valued it at $1.00B.
Investors
Who put money in
Zeev Ventures and Lennar Ventures led the round with 4 other firms.
Lead investors
- Zeev Ventures new investor
- Lennar Ventures new investor
Also in the round
- Eclipse backs 79 venture-backed companies new investor
- Green Spring Associates new investor
- Khosla Ventures backs 396 venture-backed companies new investor
- backs 83 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| OneTrust Tech Companies | 20 Feb 2020 | $210M | $2.70B | Coatue and Insight Partners |
| Medical Laboratories | 24 Feb 2020 | $165M | not disclosed | SoftBank Vision Fund |
| Real Estate Investment | 5 Feb 2020 | $103M | not disclosed | not named |
| Astranis Aerospace and Defence | 13 Feb 2020 | $90M | not disclosed | Venrock |
| Ridesharing | 1 Feb 2020 | $72M | $472M | Bond Capital |
| Tech Companies | 18 Feb 2020 | $70M | not disclosed | Vintage Investment Partners |
| Kitopi Restaurants | 3 Feb 2020 | $60M | not disclosed | Knollwood and Lumia Capital |
| Tech Companies | 4 Feb 2020 | $60M | not disclosed | Unbox Capital and Itaú BBA |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Veev raise in its Series B round?
Veev raised $97M in its Series B round, announced in Feb 2020.
Who led Veev's Series B round?
Zeev Ventures and Lennar Ventures led it, with Eclipse, Green Spring Associates, Khosla Ventures and Western Technology Investment.
What was Veev's valuation at the Series B round?
It was not disclosed.
Did Veev raise again after this round?
Yes: a Growth round in Mar 2021 of $100M.