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NEW YORK, Jan. 26, 2022 (GLOBE NEWSWIRE) — Venn, the world’s only platform and experience company exclusively focused on strengthening the social and economic health of neighborhoods, recently released the findings of its national trends report, which revealed that while most people are looking for stronger human connections in their neighborhood, they don’t know how to find them. To dig deeper into how Venn is solving this problem and driving real results for neighborhoods, homeowners, residents and local businesses, Venn conducted a Local Impact Study alongside its Trends Report. This second survey included over 300 Venn neighborhood residents in Brooklyn, New York and Kansas City, Missouri, and over 200 non-Venn renters in the same cities. The result in mind? Residents of Venn feel significantly more connected to their neighborhood than their counterparts. And their connectivity aligns with greater community participation. The study can be downloaded from the Venn website here.
The strong points:
- Compared to locally connected Venn neighbors, nationwide non-Venn tenants are significantly more likely rely on social media to create and nurture the personal relationships they need. In fact they are Twice more likely that the people of Venn to point out often meet and hang out with people online. Online networks may seem like a good substitute for real-world connections, but recent research shows that social media sites can actually damage relationships.
- Venn residents’ feelings of connection become stronger the longer they live in a Venn community (35% in the first two months vs. 58% percent after six months to a year).
- Venn residents also have a better understanding of how to support their local neighborhood economies (47%) than non-Venn residents in the same cities (36%).
- Forty-five percent of tenants said they would be more likely to choose an apartment building that offered neighborhood services rather than one that did not. Plus, tenants are willing to put money on the line to get this help: two out of five said they would pay more for services and experiences that help them feel more connected to their neighborhood.
“Our Trends Report showed that people are looking for new ways to connect in real life as tech giants ramp up new virtual realities that will exacerbate feelings of loneliness. Venn is the solution to this problem,” said Or Bokobza, co-founder and CEO of Venn. “The biggest difference between Venn and social media is neighborhood participation. Getting people involved and emotionally invested in their communities is at the heart of what we do. These new numbers don’t lie; Venn’s Neighborhood-as-a-Service offering works for residents, homeowners and local businesses. And that means stronger neighborhoods.
Venn has grown rapidly over the past two years, growing 1,200% between 2020 and 2021, and announcing the closing of a $60 million Series B funding round in 2021, bringing total funding company to $100 million. The company also launched in Kansas City, Missouri last year, with plans to expand to several other cities across the United States in 2022. To learn more about Venn, please visit www.venn.city and download Venn Impact Report 2021: The Venn Effect.
Venn is the only platform and experience company in the world exclusively focused on strengthening the social and economic health of neighborhoods. By fusing best-in-class digital products, trained community experts, inviting physical spaces, and personalized events, Venn fosters real connections between neighbors and neighborhoods. Our goal is to create belonging for neighbors and a stronger business for our partners.
Founded in 2017, Venn operates in neighborhoods from Brooklyn to Tel Aviv and Kansas City, with thousands of units under management for dozens of partners. The company has raised $100 million in venture capital from top-tier investors and is expanding aggressively around the world.
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