Veyor raises $2.75m for expansion in North America
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The news: Construction technology startup Veyor Digital has completed a funding round for its expansion to the US.
The numbers: Veyor has raised $2.75 million in a pre-Series A round, led by Asia Pacific-based venture capital firm Investible via its Early Stage Fund 2.
The context: The raise included participation from members of its Club Investible syndicate, Aconex co-founders Leigh Jasper and Rob Phillpot’s family offices, Saniel Ventures and Gravel Road Ventures, in addition to various angels and family offices.
The freshly raised capital will enable Veyor’s continued expansion and growth across Australia and North America, where they have already signed over 80 prominent construction and facilities management operators including Turner Construction, Skanska, Lendlease, Westfield and JLL. Veyor has also recently unveiled a partnership with John F. Kennedy International Air Terminal LLC, in New York City.
Veyor’s logistics scheduling software simplifies delivery and material management for busy loading docks and construction sites, reducing congestion and delays and unauthorised access.
The source: Investible media release
