Veev

How it happened

Veev was a US/Israeli proptech and modular-construction startup that reached a ~$1.4B valuation after a 2022 funding round. Facing a tough fundraising environment and a slumping housing market, it was unable to secure further capital and entered liquidation in November 2023. Employees had flagged the cracks years earlier: Glassdoor reviews repeatedly warned that the technology lagged far behind the company's public claims, and that leaders without construction backgrounds brushed aside advice from industry veterans. When roughly a third of the workforce was cut in late 2022, insiders said management had hidden the company's true condition until the last moment; a year later the shutdown erased essentially all of its value.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.