Venn has raised $52 million in a Series B funding round. The round was led by NOA Capital, Europe’s largest proptech fund, and CIM Group, a major U.S. real estate and investment firm that manages tens of billions in assets.
Other investors included Group 11, Oren Zeev, Hamilton Lane, Latitude, and FinTLV. With this new funding, Venn’s total investment has reached $140 million.
Venn was founded in 2017 by CEO Or Bokobza and CPO Chen Avni. The company currently has about 100 employees worldwide, with around 70 working at its R&D center in Israel.
Venn is now hiring about 30 more people—20 in Israel and 10 in the United States. “Israel is very important to us and remains our core,” says Bokobza. “Last week, I took much of our development team to meet customers in the U.S., and we are recruiting heavily there.”
Bokobza says, “We grew very quickly and we don’t have enough people. This round is meant to support that growth. A significant portion will go into development, and we are currently evaluating five potential acquisitions. That’s also part of why we raised money.”
According to Bokobza, the broader market has shifted. “The market is ready, and that change happened over the last 18 months. Suddenly everything became clear. We help apartment owners in a market of 49 million units. We connect everything into one system that manages the entire relationship with the tenant. The market wasn’t ready for this in the past, but now, with AI, people understand it’s possible. It requires a lot of work.”
Venn offers a unified platform that helps property owners and management companies create workflows, services, and new revenue streams. All information is gathered into one system.
The platform uses artificial intelligence to analyze data in real time, finding opportunities, services, automations, and personalized offers. It also connects to service providers automatically, without the need for human intervention.
Over the past 18 months, Venn has expanded its platform and now replaces about 15 traditional systems, managing the full tenant lifecycle: property search, tours, screening, contract signing, communication, payments, maintenance, services, and renewals. The company has built over 160 integrations and hundreds of services, and also offers an open API.
More than 270 management and residential real estate companies, including major U.S. operators like Related, Bozzuto, CIM Group, and Veris Residential, now use Venn’s platform, which serves over half a million tenants.
Read more- Chargeflow Secures $35 Million to Tackle Rising Transaction Denials
