Funding round
Veev Series D
Veev, which works in homebuilding and sales in Hayward, raised $400M in a Series D round announced on 1 Mar 2022, led by BOND, at a $1.00B post-money valuation. 5 firms took part. It is Veev's third venture round on record; the one before was a Growth in Mar 2021.
$400M
Amount raised
$1.00B
Post-money valuation
$600M pre-money
5
Investors
1 lead
40%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Veev at $1.00B after the new money. The $400M bought investors about 40% of the company. It came 12 months after Veev's Growth. It is 67% of the $597M Veev has raised in the venture rounds on record. No later venture round is on record for Veev.
Investors
Who put money in
BOND led the round with 4 other firms.
Lead investor
- BOND backs 91 venture-backed companies new investor
Also in the round
- LenX new investor
- Zeev Ventures new investor
- Fifth Wall backs 103 venture-backed companies new investor
- JLL Spark Global Ventures 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: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Consensys Tech Companies | 15 Mar 2022 | $450M | $7.00B | ParaFi Capital |
| Tech Companies | 23 Mar 2022 | $150M | $1.00B | SoftBank Vision Fund |
| Plastics Products | 22 Mar 2022 | $140M | not disclosed | Goldman Sachs Asset Management |
| Tech Companies | 15 Mar 2022 | $135M | not disclosed | Summit Partners |
| Tech Companies | 9 Mar 2022 | $125M | $300M | EQT |
| Insider One Tech Companies | 7 Mar 2022 | $121M | $1.22B | Qatar Investment Authority |
| Tech Companies | 21 Mar 2022 | $115M | $1.00B | SoftBank Vision Fund |
| Tech Companies | 22 Mar 2022 | $110M | $1.60B | Canapi Ventures and 9Yards Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Veev raise in its Series D round?
Veev raised $400M in its Series D round, announced in Mar 2022.
Who led Veev's Series D round?
BOND led it, with LenX, Zeev Ventures, Fifth Wall and JLL Spark Global Ventures.
What was Veev's valuation at the Series D round?
$1.00B post-money ($600M pre-money).