Proptech startup Venn secures $52M Series B to streamline life for renters and landlords
Platform manages everything from tours and screening to payments and renewals.
Venn has raised $52 million in a Series B round led by NOA, the largest proptech fund in Europe, and CIM Group, one of the largest real estate and investment firms in the United States, which manages tens of billions of dollars in assets. Additional participants included Group 11, Oren Zeev, Hamilton Lane, Latitude, and FinTLV. The new funding brings total investment in the company to $140 million.
Founded in 2017 by CEO Or Bokobza and CPO Chen Avni, Venn currently employs about 100 people worldwide, including roughly 70 at its R&D center in Israel. The company is now hiring approximately 30 additional employees, 20 in Israel and 10 in the United States. “Israel is extremely significant to us and remains our core,” says Bokobza. “Just last week, I took a large part of our development team to meet customers in the U.S. We are recruiting heavily here.”
Speaking with Calcalist, 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.”
One in three Americans lives in a rented apartment, a U.S. market worth $2.5 trillion annually that generates more than $500 billion in rent and $130 billion in management expenses.
Alongside it is the broader “living economy,” worth an estimated $10 trillion a year across sectors such as insurance, energy, communications, transportation, credit, and home and neighborhood services, areas where property operators have minimal participation. Venn operates at the junction of these two worlds: property operations on one side, and the economic value tied to tenants and communities on the other.
Venn provides a unified operating layer on which property owners and management companies build workflows, services, and revenue streams. All data is funneled into a single system, analyzed in real time by artificial intelligence, which identifies opportunities, services, automations, and personalized offers. Connections to service providers are carried out automatically, without human involvement.
Over the past 18 months, Venn has expanded its offering and now replaces roughly 15 traditional systems, managing the entire tenant lifecycle: property search, tours, screening, contract signing, communication, payments, maintenance, services, and renewals. The company has built more than 160 integrations and hundreds of services, and operates an open API. More than 270 management and residential real estate companies, including major U.S. operators such as Related, Bozzuto, CIM Group, and Veris Residential, now use the platform, which serves over half a million tenants.
