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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.