Venn has raised $52 million in a Series B round led by NOA Capital, the largest proptech-focused fund in Europe, and CIM Group, a major U.S. real estate and investment firm. Other investors included Group 11, Oren Zeev, Hamilton Lane, Latitude, and FinTLV. With this round, the company’s total funding has reached $140 million.
Venn was founded in 2017 by CEO Or Bokobza and CPO Chen Avni. The company employs around 100 people worldwide, with nearly 70 at its Israel R&D center. It now plans to hire 30 more employees—20 in Israel and 10 in the U.S.
“Israel is extremely significant to us and remains our core,” says Bokobza. “Just last week, I took a large part of our development team to meet customers in the U.S. We are recruiting heavily here.”
Speaking with Calcalist, Bokobza adds, “We grew very quickly and we don’t have enough people. This round is meant to support that growth. A significant portion will go into development, and we are currently evaluating five potential acquisitions. That’s also part of why we raised money.”
According to Bokobza, the broader market has changed. “The market is ready, and that change happened over the last 18 months. Suddenly everything became clear. We help apartment owners in a market of 49 million units. We connect everything into one system that manages the entire relationship with the tenant. The market wasn’t ready for this in the past, but now, with AI, people understand it’s possible. It requires a lot of work.”
In the U.S., one in three residents lives in a rented home. The rental housing market is valued at $2.5 trillion annually, generating more than $500 billion in rent and about $130 billion in management expenses.
Alongside the rental market is the broader “living economy,” estimated at $10 trillion a year. It includes insurance, energy, communications, transportation, credit, and home services—areas where property operators historically have had limited participation. Venn operates between these two segments: property operations on one side and tenant-driven economic value on the other.
The company provides a unified operating layer that helps property owners and management companies build workflows, manage operations, and create new revenue streams. All data flows into one system, which uses artificial intelligence to identify opportunities, automate tasks, and deliver personalized services. Connections with service providers are completed automatically.
Over the past 18 months, Venn has expanded its platform. It now replaces about 15 traditional systems, covering the full tenant lifecycle—from property search and tours to screening, contracts, communication, payments, maintenance, and renewals. The company has built more than 160 integrations and offers hundreds of services through an open API.
More than 270 management and residential real estate companies now use Venn’s platform, including major U.S. operators such as Related, Bozzuto, CIM Group, and Veris Residential. The platform currently supports over 500,000 tenants.
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