In what could be an indication of things to come for the offsite construction industry, Veev has cut its workforce by about 100 workers.
Veev is a vertically integrated real estate developer that provides a truly turnkey offering completely in-house. Everything from asset management, architectural & structural design, permitting, and full modular build to installation is included in their offerings.
Their wall panel system is unique in the industry and is built at their fabrication facility and strategically integrated and routed with MEP – electricity, plumbing, light, and sensors – prior to being fully closed and cladded on both sides.
Veev has decided to focus on single-family homes in the Bay Area of California. This is also another instance where a company endures massive layoffs just months after a major funding round. Veev raised $400 million in a series D funding round in March 2022.
Gary Fleisher is the Editor in Chief of Modular Home Source and Offsite Builder. Email at [email protected]
Gary Fleisher, Editor in Chief of Offsite Construction Magazine
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