Venn announced a significant milestone with the closing of a $52 million Series B funding round led by NOA and CIM Group, alongside participation from Group 11, Oren Zeev, Hamilton Lane, Latitude, LocalGlobe, and FinTLV. This funding brings the company’s total funding to $140 million and further positions the New York-based startup as one of the most prominent technology platforms redefining the multifamily housing landscape.
The company’s momentum has accelerated over the past year and a half as it expanded its intelligent operating system across more than thirty states and partnered with more than two hundred seventy property owners and operators, including some of the most prominent names in the U.S. market, such as Related, Bozzuto, CIM Group, and Veris Residential. Venn now supports the daily living experiences of more than 500,000 residents, a scale that has helped propel its annual recurring revenue growth to 9 times its previous levels.
Multifamily housing comprises one of the most valuable real estate segments in the country, with approximately one in every three Americans living in a rental apartment. This translates into an asset class worth roughly $2.5 trillion, generating more than $500 billion in rent payments and $130 billion in property management spending each year. Yet despite this scale, building owners and operators historically captured little of the larger $10 trillion consumer spending ecosystem tied to living services such as insurance, utilities, mobility, connectivity, and retail.
Venn aims to change this dynamic by giving operators the tools to transform buildings into consumer-facing brands that engage residents more directly. Its platform helps increase retention, enhance net operating income, and reduce operating costs while unlocking new revenue streams through services such as insurance products, credit-related offerings, utilities, cellular services, on-demand home services, and maintenance options. By centralizing these resident interactions, Venn’s system grows alongside the broader services ecosystem as consumers engage more frequently through the platform.
The company says its next phase involves expanding its footprint to one million units in 2026 while deepening investments in research and development. As it rolls out integrations, expands its open API, and attracts interest from global consumer brands eager to access its extensive renter network, Venn is positioning itself as the central platform binding the living economy together across residents, operators, and service providers.
Headquartered in New York with a product and R&D center in Tel Aviv, the company’s team includes veterans from leading consumer technology, hospitality, and real estate organizations, including Meta, IKEA, Salesforce, Sonos, and top proptech innovators.
KEY QUOTES
“We’ve seen firsthand how every resident interaction can create real value. When you use those moments to train AI, you unlock a system that delivers far more than housing; it delivers an experience. A deeper relationship with residents is worth nearly $1,000 per unit per year. Multiply that across 49 million rental units in America, and you see what’s at stake: an opportunity measured in trillions. Venn is entering its next phase of growth, aiming to reach 1M units in 2026, while relentlessly focusing on R&D.”
Or Bokobza, Co-Founder and CEO of Venn
“We’ve been investors in Venn since the early days, and their deep understanding of customer needs and the obsession with solving them is truly unique in this industry. That’s why we’re doubling down years later, as the market finally wakes up to the tidal wave of disruption that’s been long overdue.”
Greg Dewerpe, Partner at NOA
“Every renter is a consumer. Every building is a distribution channel. And until Venn, the entire real-estate industry left that value untouched. Unfathomable, yet this was the situation up until Group 11 led Venn’s Series A back in 2021, making a bold bet that Venn Operating System would be able to turn buildings into intelligent consumer brands, and that their new business model will scale across millions of units. Four years later, it is now as clear as day that Venn has all it takes to turn this 2.5 trillion market into a $10 trillion ecosystem.”
Dovi Frances, Founding Partner at Group 11
