The company declined to reveal its exact post-money valuation. The company says that it has brought a system to market that is “4x faster than traditional means, at a lower cost and with a much lower carbon footprint.” The company believes that its panelized system is more flexible in terms of design and site location than “volumetric factory-built housing.” For example, Veev uses Light Gauge Steel (LGS) framing and High Performance Surface (HPS), which the company says “are lighter, stronger, and more sustainable than wood and drywall and with near zero waste. While Haller declined to comment on revenue growth, he did say that he expected the company to achieve profitability “within two years” and that he expects production to be about 382% higher in 2022 than 2021.“We’ve taken a ‘network’ approach to our expansion efforts – similar to what some major e-commerce companies have capitalized on with local distribution centers,” Haller said. The company plans to use its new capital toward that scaling of its operations, expand construction and distribution to new markets and to accelerate research and development initiatives. Over the years, Veev developed a proprietary panelized building system using materials such as steel frames, “high-performance” acrylic finishes and millwork, low-voltage lighting and smart sensors. Veev says that since it is able to build homes faster, its homes can be constructed (and sold) at a lower cost, according to Haller.