Venn, a NYC based platform and experience company focused entirely on neighborhoods, closed a $60M Series B round.
The round, which brought total funding raised to date to $100M, following the close of its $40M Series A round in 2019, was led by Group 11, with participation from Pitango, Hamilton Lane, and Bridges Israel.
The company intends to use the funds to make investment in recruitment, new business, and US operations. This will include filling dozens of new research and development positions across Venn’s international product engineering team, building out its business development efforts as partnerships with property developers continue to grow, and expanding capabilities with local businesses and services to create new opportunities for neighborhood participation.
Led by Or Bokobza, CEO, and Chen Avni, CPO, Venn is a platform and experience company focused entirely on neighborhoods. Merging digital products, trained community experts, inviting physical spaces, and custom events, the company promotes real-world connections between neighbors and neighborhoods.
Founded in 2017, Venn operates in neighborhoods from Brooklyn to Tel Aviv, Kansas City, and Berlin, with thousands of units under management for dozens of partners.
FinSMEs
02/06/2021