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Israeli shared neighborhood co Venn raises $60m
Venn s technology platforms, physical and virtual spaces, and local programming and expertise combine into its seamless Neighborhood as a Service offering.
Israeli shared neighborhood company Venntoday announced that it has completed a $60 million Series B financing round led by Group 11, with participation from Pitango, Hamilton Lane and Bridges Israel. This brings to $100 million the total amount raised by the company.
After recording 1,200% growth in 2020, Venn will use the new capital for substantial investments in hiring, new business, and US operations. This will include dozens of new R&D positions in the company’s international product engineering team, expanding Venn’s business development efforts as partnerships with property managers, and continuing to grow capabilities with local businesses and services to create new opportunities for neighborhood participation.
Facebook, Nextdoor, and many others in tech have focused on the concepts of community and neighborhoods to build connections between people and in turn offer services relevant to them. Today, a startup called Venn, which is bringing a new approach to that concept — it’s focusing first on apartment dwellers and cutting deals with building […]
Venn co-founders Or Bokobza and Chen Avni (Photos via Owler, The Centre for Conscious Design)
A property tech startup is betting that New Yorkers, after a year spent huddled inside, could use a little help meeting and mingling with their neighbors.
The firm, Venn, just raised $60 million in venture capital funds earmarked, in part, to build out its New York footprint. The company launched its eponymous app in 2017 as a hyperlocal social network designed to connect users with nearby events and businesses and each other.
In 2019, co-founders Chen Avni and Or Bokobza started marketing the service to landlords. Their pitch: If renters feel connected to where they live, they’ll be less likely to move.