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Today: December 21, 2024
April 23, 2024
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Veyor Digital secures $275M funding for US expansion plans


TLDR:

  • Logistics software startup Veyor Digital raises $2.75 million in pre-Series A funding for US expansion
  • Investment led by Sydney VC Investible and includes support from Aconex cofounders

Article Summary:

Logistics scheduling software startup Veyor Digital has secured $2.75 million in a pre-Series A funding round to fuel its expansion into the US market. The investment was led by Sydney VC Investible and included support from Aconex cofounders Leigh Jasper and Rob Phillpot. Veyor’s platform simplifies delivery and material management for construction sites, aiming to enhance efficiency and communication. Co-founders Stephen Rockett and Richard Fifita plan to use the funds for ongoing expansion in Australia and North America, focusing on go-to-market and sales operations. The startup already boasts partnerships with key industry players like Turner Construction and Skanska. CEO Richard Fifita expressed excitement about the company’s traction in the US market and the potential for international growth. Investible chief investment officer Charlie Ill praised Veyor’s user-friendly product and streamlined approach to logistics management, highlighting its success in key markets. With endorsements from clients like Vicinity Group, Veyor Digital is poised for continued growth and success in the logistics software space.


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