Asset Manager

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Veeva Systems Inc.

Veeva Systems provides the industry cloud for life sciences — software, AI, data, and consulting serving over 1,500 pharma and biotech customers globally.

Veeva Systems Inc.

Veeva Systems is a publicly traded company (NYSE: VEEV) that provides cloud-based software solutions purpose-built for the life sciences industry. The firm was founded in 2007 by Peter Gassner and Matt Wallach, and its headquarters are in Pleasanton, California. The company offers a comprehensive suite of products across clinical, regulatory, quality, safety, medical affairs, and commercial functions. Its platform addresses key operational areas such as clinical trial management, regulatory submissions, quality management, pharmacovigilance, and customer relationship management. Veeva serves a global customer base that includes large pharmaceutical corporations and smaller biotechnology firms. Veeva operates as a public company with no disclosed AUM or asset management capacity in the traditional sense. The firm has over 6,000 employees worldwide with offices in North America, Europe, and Asia. In the past 24 months, Veeva has continued to expand its AI capabilities, introducing new AI-powered modules within its Vault CRM and clinical platforms. Veeva is structured as a Public Benefit Corporation, legally committed to balancing shareholder interests with those of customers, employees, communities, and the environment. This governance framework is unusual among enterprise software companies and distinguishes Veeva's corporate purpose from a standard for-profit model.

Website
veeva.com

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Pleasanton

Corporate office

Pleasanton, United States

Sector focus

Digital HealthEnterprise SoftwareAI/MLHealthcare Services

Frequently asked questions

Who runs investment decisions at Veeva Systems?

Veeva Systems is a publicly traded company (NYSE: VEEV) led by CEO and co-founder Peter Gassner. Investment decisions regarding corporate strategy and capital allocation are made by its board of directors and executive management team.

How does Veeva Systems source proprietary deal flow?

Veeva does not operate as an investment firm or family office; it is an enterprise software company. The company may acquire complementary technologies through M&A, but details of its acquisition pipeline are not disclosed.

Is Veeva Systems structured as a single family office or does it operate more like a venture firm?

Neither. Veeva Systems is a public company (NYSE: VEEV) that builds and sells cloud software for the life sciences industry.

Does Veeva Systems participate in fund commitments or only direct deals?

Veeva does not participate in fund commitments or direct investments as an allocator. It may execute strategic acquisitions directly.

What investment stages does Veeva Systems typically target?

As an operating company rather than an investment firm, Veeva does not target investment stages. It may acquire private or public companies when aligned with its strategic roadmap.

Which sectors does Veeva Systems explicitly avoid?

Veeva focuses exclusively on the life sciences industry. It does not operate outside that sector.

How is Veeva Systems related to its founding team?

Veeva was co-founded in 2007 by Peter Gassner (CEO) and Matt Wallach (former president). Both remain involved in the company's leadership.

Where does the underlying wealth come from?

Veeva Systems' market capitalization is supported by public equity investors. Founders Peter Gassner and Matt Wallach accumulated personal wealth through their ownership stakes in the company.

Does Veeva Systems maintain philanthropic structures, and how are they separated?

Veeva operates as a Public Benefit Corporation, embedding social good into its corporate governance. Specific philanthropic foundations or vehicles are not disclosed.

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