Source: Business Insider
Summary List Placement Construction tech developer Veev announced Tuesday that it has raised $100 million in new funding through a new Israeli stock exchange that allows private companies to raise funds from accredited investors without an IPO. The company, which began as a real estate development company in 2008 before pivoting to innovative forms of construction in 2015, uses panelized construction and 3D printing to build everything from tiny homes, formally called accessory dwelling units (ADUs), to large multifamily, multistory buildings. The company raised funds through a new platform of the Tel Aviv Stock Exchange (TASE) called TASE UP, launched last year to create liquidity for shares of private companies, becoming one of the first companies to raise funds through the platform. The company, based between the Bay Area and Israel has now raised nearly $200 million in total funding after last year’s $97 million funding round , led by Zeev Ventures and Lennar Ventures, the venture capital arm of leading homebuilder Lennar, which also included backing from Khosla Ventures.