Subsidiaries of Lennar and JLL helped provide $400m for homebuilder Veev while Sinar Mas is supplying $200m for digital wallet developer Dana.
Funding
Veev, the US-based operator of a vertically integrated homebuilding service, secured $400m yesterday in a series D round featuring homebuilder Lennar’s LenX subsidiary and real estate services firm JLL’s Spark unit, which invested through its Global Ventures fund. Venture capital firm Bond led the round at a valuation of at least $1bn and it additionally included Zeev Ventures as well as Fifth Wall’s Climate Tech fund.
Diversified conglomerate Sinar Mas Group’s energy and infrastructure subsidiary, Dian Swastatika Sentosa,…