Real Estate Startup Venn Intends to Operate in 50 Cities Within Five Years, Says Co-Founder

Urban real estate startup Venn Ltd. intends to operate in 50 cities worldwide within five years, said Venn co-founder David Sherez.

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Sherez spoke Tuesday at Calcalist’s WeTechBerlin conference. The two-day event was held in collaboration with real estate company Aroundtown Property Holdings PLC, Israel’s Bank Leumi, its digital banking subsidiary LeumiTech Ltd., accounting firm KPMG, and the European investment fund Target Global.

Founded in 2015, Venn operates co-living facilities that offer private and shared living and working arrangements. The company strives to create a sense of community within large cities and uses an app to let residents order groceries and sign up for social activities, according to Sherez. Venn currently operates facilities in Brooklyn, Tel Aviv, and Berlin.