Logistics software startup Veyor Digital has successfully secured $2.75 million in pre-Series A funding, marking a significant milestone in its journey towards expanding operations in the lucrative US market. The funding round was led by Sydney-based VC Investible, specifically through its Early Stage Fund 2, with participation from members of its Club Investible syndicate, along with notable contributions from angel investors. Notable figures such as Aconex cofounders Leigh Jasper and Rob Phillpot also joined in through their family offices Saniel Ventures and Gravel Road Ventures.
Veyor Digital, founded in 2018 by civil engineer Stephen Rockett and Richard Fifita, offers a sophisticated software platform aimed at simplifying logistics and material management processes, particularly focusing on alleviating congestion, reducing delays, and enhancing security measures at loading docks and construction sites. The platform empowers construction supervisors and loading dock managers by streamlining schedules and facilitating seamless communication with suppliers, delivery personnel, and on-site teams.
The infusion of capital will fuel Veyor Digital’s ongoing expansion efforts in both Australia and North America, with a strategic emphasis on bolstering go-to-market strategies and enhancing sales operations. With an impressive clientele that includes renowned names like Turner Construction, Skanska, Lendlease, Westfield, and JLL, Veyor Digital is poised to leverage its proven track record and innovative solutions to further cement its position as a leader in the logistics software domain.
CEO Richard Fifita expressed optimism about the company’s growth prospects, highlighting recent achievements such as securing a partnership with New York’s JFK International Air Terminal, which underscores the company’s growing footprint in the highly competitive North American market.
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By Proptechbuzz
By Ravi Kumar
