Veev

What Veev does

Veev is a panelized homebuilder that designs, manufactures, and assembles precision-engineered homes using a proprietary Closed Wall System built around light-gauge steel framing with pre-integrated mechanical, electrical, and plumbing (MEP) infrastructure. The company operates a 250,000 sq ft manufacturing facility in Hayward, CA and sells homes in the California Bay Area (San Jose, Santa Rosa, Lafayette, Walnut Creek, Sonoma) through three channels: direct sales of move-in ready homes (Model X, Model Z, Model E), the Build on Your Homesite (BOYH) program for property owners, and an agent/broker referral program offering up to $50,000 per signed contract. Homes are priced between approximately $1.3M and $3.1M with a stated all-in cost of roughly $400/sq ft versus $600-$800+/sq ft for traditional Bay Area custom builders, and a move-in timeline of under 90 days from permit versus the 12-18 month industry standard.

The company was founded in 2008, raised approximately $650 million in venture capital across rounds led by BOND, Khosla Ventures, Lennar Ventures, Brookfield, and Fifth Wall, and achieved a peak valuation of $1.5 billion before being acquired by Lennar in late 2023. It now operates as "Veev, by Lennar" with bundled financing through Lennar Mortgage and home insurance through Hippo. Post-acquisition, Veev has experienced significant operational disruption: the workforce contracted from approximately 450 to roughly 50 employees, three CEOs departed within roughly 23 months each, and vendor disputes and stalled projects have been cited as recurring issues. Despite this, Veev continues to deliver homes, expand into Lafayette and Walnut Creek, launch new product variants such as Model Z with an integrated Junior Accessory Dwelling Unit, and earn regional recognition including six 2026 BIA Bay Area MAME Awards and the 2026 East Bay Innovation Award (Built Environment).

Name

Veev

Legal name

Wall to Wall, LLC

Website

https://veev.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

251–500 employees

Short description

Veev is a panelized homebuilder using a proprietary Closed Wall System to construct precision-engineered, climate-resilient homes in the California Bay Area, serving homebuyers, landowners, and real estate investors through move-in ready listings and its Build on Your Homesite program.

Ownership category

akta.pro rank

Product category

Modular Residential Home Construction

NAICS

Manufactured Home (Mobile Home) Manufacturing (321991), New Single-Family Housing Construction (except For-Sale Builders) (236115), New Housing For-Sale Builders (236117)

SIC

Prefabricated Wood Bldgs & Components (2452)

akta.pro primary industry

Residential Modular & Prefabricated Home Construction (IMAFABAF)

akta.pro secondary industries

Custom Home Building (IMAFABAC), Residential Green / High-Performance Home Construction (Net-Zero, Passive House) (IMAFABAH), Spec Home / Production Homebuilding (Tract & Volume Builders) (IMAFABAD)

Keywords

• Modular home construction
• Panelized building systems
• Prefabricated housing
• Residential construction
• Climate-resilient homes

Headquarters

HQ city

San Mateo

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Home Sales (Move-in Ready): Veev builds and sells completed, move-in-ready homes to end-consumer homebuyers in Bay Area markets. Homes are listed at prices ranging from approximately $1.3M to $3.1M depending on location and model. Revenue is recognized upon home closing/escrow. The company currently has listings in San Jose, Santa Rosa, Lafayette, Walnut Creek, and Sonoma.
2. Build on Your Homesite (BOYH) Program: Veev builds precision-engineered homes on land already owned by the customer. The end-to-end service covers feasibility, permitting, land development, and construction, with pricing at approximately $400/sq ft all-in. This generates one-time home construction revenue per project with a fixed-price contract model. Available in the California Bay Area.
3. Agent Referral Fees (Cost to Company): Veev pays referral fees of up to $50,000 to licensed real estate agents who introduce clients to the BOYH program. This is a cost channel rather than a revenue stream for Veev, designed to incentivize agent referrals and expand market reach through the existing agent ecosystem.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

Veev designs, manufactures, and assembles precision-engineered modular homes using a proprietary Closed Wall System with factory-built panelized construction integrating mechanical, electrical, and plumbing infrastructure. The company sells move-in-ready homes directly to consumers in the California Bay Area, offers end-to-end Build On Your Homesite (BOYH) custom construction services on customer-owned land, and operates investor/agent partnership channels. All homes feature light-gauge steel framing, all-electric systems, rooftop solar with Tesla Powerwall battery backup, and EV charging readiness.

Product overview

Veev is a technology-driven modular/prefabricated homebuilder that designs, manufactures, and assembles precision-built climate-resilient homes using an industrialized panelized construction system. The company offers three distinct home models: Model X (a 4-bed/3.5-bath, 3,046 SQFT modern home), Model Z (a 4-bed/3.5-bath, 2,952 SQFT home with integrated JADU), and Model E (first mass-production solution with ultra-modern design). All homes feature proprietary Closed Wall System technology with pre-integrated MEP systems, light-gauge steel framing, and all-electric sustainable design. Veev operates through three primary channels: Direct Home Purchasing (pre-built homes), Build On Your Homesite (custom builds on client-owned land), and Agent/Broker Partnership Programs. The company was acquired by Lennar in 2023 and is headquartered in Hayward, CA with a 250,000 SQFT manufacturing facility.

Differentiator

Problem solved

Functional benefit

Brands

• Model X: Modern home floor plan with 3,046 square feet, 4 bedrooms, 3.5 bathrooms, 2-car garage with EV charging ready, solar installed. Features light-gauge steel framing, closed-wall system, and all-electric appliances.
• Model Z
• Build on Your Homesite (BOYH)

Products and services

• Model X Precision-built 4-bedroom, 3.5-bathroom modern home with 3,046 sq ft, featuring light-gauge steel framing, proprietary Closed Wall System, rooftop solar panels, Tesla Powerwall battery backup, EV charging readiness, all-electric appliances, and 2-car garage with flex storage.
• Model Z Precision-built 4-bedroom, 3.5-bathroom home with 2,952 sq ft, featuring light-gauge steel framing, an integrated 378-390 sq ft Junior Accessory Dwelling Unit (JADU), all-electric systems, solar-ready and EV-ready infrastructure. Designed for multigenerational living or rental income potential.
• Model E Veev's first mass-production home solution featuring ultra-modern design with LED edge-lighting and sleek finishes. Approximately 3,000 sq ft with precision-built panelized construction.
• Build On Your Homesite (BOYH) End-to-end program allowing landowners to build a Veev home on their existing property. Veev handles feasibility, permitting, land development, construction, optional financing via Lennar Mortgage, and insurance via Hippo. Features fixed-price contracts with no change orders and construction timelines of approximately 4 months after permit issuance. Available in California Bay Area.

Quantifiable outcome

• Move-in ready homes delivered in under 90 days (vs. 12-18 months industry standard)
• +7 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature6 records

Partnerships

Three partnerships are on record, tiered minor.

• Hippo (Home Insurance)minorStrategic or Co-development PartnerHippo provides home insurance services integrated into Veev's home purchasing and Build on Your Homesite processes. Insurance is embedded in Veev's service offering, mentioned as part of the 'everything included' package on the BOYH page alongside financing via Lennar Mortgage. This partnership streamlines the closing process for homebuyers by bundling insurance with the home purchase/construction service.
• Lennar MortgageminorStrategic or Co-development PartnerLennar Mortgage provides financing options for Veev's Build on Your Homesite program, offering optional construction-to-permanent financing for land investors and property owners building via the BOYH program. Financing terms mentioned include 20% deposit with Prime + 2% APR. This is an integrated financing option bundled into Veev's end-to-end service offering, reducing friction for customers seeking to build on their own land.
• FTC SolarminorOthersAnthony Carroll, Veev's CEO, was appointed to FTC Solar's Board of Directors effective December 15, 2025. This represents a personal board appointment of Veev's CEO to a renewable energy company, rather than a formal corporate partnership between Veev and FTC Solar. Anthony Carroll departed as Veev CEO after approximately 23 months to become president of FTC Solar in May 2026.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Cavco Industries: Cavco Industries is a leading manufacturer of factory-built homes including manufactured housing, modular homes, and park models, broadly comparable to Veev as a public-market peer for industrialized residential construction. Cavco's wider product range and national footprint contrast with Veev's premium California focus.
• Lennar Corporation: Lennar is Veev's parent company following the 2023 acquisition and one of America's largest traditional site-built homebuilders. Lennar represents both the institutional parent providing Veev scale/leverage and the strategic benchmark for evaluating whether Veev's industrialized approach can outperform traditional production homebuilding economics.
• Skyline Champion: Skyline Champion is one of the largest North American manufactured and modular homebuilders, a broad incumbent comparable to Veev as a public-market reference point for factory-built housing scale, profitability, and capital intensity. Skyline operates across multiple U.S. regions while Veev is concentrated in the Bay Area.

Direct peers

• Dvele: Dvele is a California-based prefab luxury home manufacturer producing energy-efficient, technology-integrated panelized homes, directly comparable to Veev's climate-resilient, all-electric, factory-built premium homes in the California market. Both target design-conscious, sustainability-focused buyers seeking faster delivery than traditional custom builders.
• Plant Prefab: Plant Prefab is a California-based factory-built home manufacturer using panelized and modular construction with sustainable materials, directly comparable to Veev's panelized approach, California geography, and custom-on-lot offering. Both companies target premium residential buyers seeking faster, greener alternatives to traditional construction.
• Mighty Buildings: Mighty Buildings is a California-based prefab homebuilder using 3D printing and panelized construction to deliver factory-built ADUs and homes with similar speed, sustainability, and custom-on-lot positioning to Veev. Both companies leverage industrialized methods to disrupt traditional Bay Area / California residential construction.
• Method Homes: Method Homes is a prefab modular home manufacturer producing custom single-family and multifamily homes using factory-built modules, comparable to Veev's panelized construction approach and custom home delivery model. Both emphasize sustainable materials, modern design, and faster timelines versus site-built alternatives.

Emerging players

• Boxabl: Boxabl is a factory-built housing startup producing foldable, transportable home units using industrialized construction, comparable to Veev's mission of leveraging factory manufacturing to reduce homebuilding cost and time. Boxabl focuses on standardized single-unit designs while Veev delivers larger custom panelized homes.
• ICON (Icon Build): ICON is a construction-technology company using 3D printing and industrialized methods to build residential homes, comparable to Veev as a tech-enabled construction disruptor seeking faster, cheaper, more resilient homebuilding. ICON focuses on robotics/printing while Veev focuses on panelized closed-wall systems, but both target the same thesis of factory-built housing transformation.
• Cover (Cover Technologies): Cover is a prefab ADU manufacturer producing backyard accessory dwelling units using factory-built components, comparable to Veev's industrialized housing approach and California's SB9/JADU-driven product strategy. Cover focuses on a narrower ADU niche while Veev offers full-size single-family homes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/veevgroup
• LinkedInlinkedin.com/company/veevgroup
• Instagraminstagram.com/veevbylennar

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds5 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veev