Venn, a New York based startup building a smart operating system for apartments, has secured $52 million in fresh Series B funding to accelerate its expansion across the United States. The round was led by NOA Capital and CIM Group, with participation from Group 11, Oren Zeev, Hamilton Lane, Latitude, LocalGlobe, and FinTLV. The new capital lifts Venn’s total funding to $140 million and underscores growing investor conviction in software that reshapes how multifamily properties are operated and monetized.
Smart Operating System for Multifamily Housing
Venn’s platform functions as an end to end operating system for apartment portfolios, automating tenant applications, lease management, rent payments, maintenance requests, and other day to day workflows. The company positions its software as the connective layer that allows building owners and operators to act more like consumer brands, with data driven engagement rather than purely transactional, low margin interactions. Chief executive and cofounder Or Bokobza argues that multifamily real estate, a $2.5 trillion asset class, currently captures only a sliver of the surrounding $10 trillion “living economy,” and that Venn’s technology is designed to unlock that gap.
Funding Round and Investor Backing
The Series B round brings together a mix of proptech specialists and global institutional investors, led by NOA Capital, described as one of Europe’s largest dedicated proptech funds, and CIM Group, a major US real estate and infrastructure investor managing tens of billions of dollars in assets. Existing and new backers, including Group 11, Oren Zeev, Hamilton Lane, Latitude, LocalGlobe, and FinTLV, also joined the round, signaling continued support for Venn’s strategy and traction. While the company did not disclose its latest valuation, the size of the round and the caliber of its investors point to rising expectations that Venn can become a category defining infrastructure provider for multifamily housing.
Rapid Expansion and Enterprise Partnerships
Over the past eighteen months, Venn has scaled its operating system to properties in more than thirty US states, and the company now reports coverage across dozens of cities nationwide. Its customer base includes large real estate owners and operators such as Related, Bozzuto, CIM Group, and Veris Residential, which use the platform to streamline operations and deepen tenant relationships. Venn says its growth is driven by owners seeking higher margins and more resilient income streams, as software enabled services and resident engagement begin to matter as much as occupancy and rent levels in competitive urban markets.
Global Footprint and Hiring Plans
Founded in 2017 by chief executive Or Bokobza and chief product officer Chen Avni, Venn operates with a distributed structure that combines a commercial hub in New York with product, research, and development teams in Tel Aviv. The company employs about one hundred people worldwide, with roughly seventy based at its research and development center in Israel, and is now recruiting around thirty additional staff, including engineers and go to market roles. Bokobza has emphasized that Israel remains a core geography for the company, noting that Venn regularly brings Israeli product teams to meet customers in the United States as it aligns its roadmap with on the ground operational needs.
With new capital in hand and a growing roster of institutional real estate clients, Venn is positioning its smart operating system as critical infrastructure for owners seeking to modernize multifamily portfolios. The company’s pitch rests on shifting property management from a narrow focus on rent collection and maintenance to a broader, consumer centric model that captures more value from how people live, pay, and interact with their homes. If Venn can sustain its expansion and deepen its role inside large apartment portfolios, it will be well placed to influence how a multi trillion dollar asset class connects to the wider living economy.
Source: Business Insider