VERO's Series B Fundraise

What Our Latest Fundraise Means for the Proptech Community

VERO Community,

I’ve been eager to share the announcement of our latest funding round–a $9 million Series B led by our incredible partner, Fifth Wall. This investment serves as a catalyst for our growth and underscores our commitment to transforming the application and leasing process for operators and renters. Thank you to our customers and partners for your unwavering support, and to the unwavering conviction of our investors, who recognize that despite any market condition, the right solutions are here for the long term.

In the face of numerous challenges in fundraising, especially at a time when it seemed the odds were against us, we are incredibly grateful to have aligned with a great partner like Fifth Wall. Not only do they share our vision, but they have also, time and time again, demonstrated their capacity for navigating uncertainty by focusing on long-term value creation.

Our focus remains on delivering long-term value to our customers, partners, and investors. We plan to use the new funds to: Augment our team: The recruitment of exceptional talent will enable us to provide unparalleled service to our customers and drive innovation in the proptech sector. Enhance our technology: The persistent refinement of our platform will ensure that we remain at the vanguard of the industry. Develop new features and capabilities: We will invest in creating innovative tools to address the dynamic needs of our customers.

With Fifth Wall's expertise, knowledge of the space, hands-on approach, and shared vision, VERO is set to overcome skepticism and become a leader in the prop tech industry. We believe that those building for the long term, like our friends at VTS, will come through the other side, and we are proud to be a part of the Fifth Wall portfolio.

Stay tuned for more on our latest developments, partnerships, and the exciting future of VERO as we continue to create a better experience for operators and renters alike.

Thank you for your continued support.

Lou Baugier