Veyor Digital lands $2.75m in pre-Series A funding

Australian technology company, Veyor has closed a $2.75m pre-Series A round and expanded to the United States with fresh blue-chip clients.

Veyor Founders Stephen Rockett (L) and Richard Fifita (R)

The logistics scheduling software company announced the news Tuesday as it closed the funding round led by Asia-Pacific-based VC Investible via its Early Stage Fund 2 and saw contributions from members of its Club Investible syndicate.

Investors also included Leigh Jasper and Rob Phillpot’s (Aconex co-founders) family offices, Saniel Ventures and Gravel Road Ventures plus various angels and family offices.

Under the platform, construction supervisors and loading dock managers are able- to simplify schedules and communications with various industry workers, enabling better operations management.

From the new round Veyor plans to continue its expansion and growth across Australia and North America.

The business has already been able to sign over 80 construction and facilities management operators including Turner Construction, Skanska, Lendlease, Westfield and JLL.

Under partnership with John F. Kennedy International Air Terminal LLC, in New York City, Veyor will also be used to power loading dock operations at the airport.

Richard Fifita, co-founder and CEO of Veyor said, “We’re excited about the early traction we’ve built in the US market, and the continued strength of customer relationships in the ANZ region. 

“This capital injection will allow us to hopefully replicate the same success we’ve had in Australia in the US and start to scale our business internationally,” Fifita said.

The platform was also used at Melbourne’s Chadstone Shopping Centre to provide a solution for its loading docks.

Investible’s chief investment officer Charlie Ill said, “Veyor’s streamlined approach to the core of logistics management saves managers hours per day, freeing them for much higher-value work. 

“[Veyor founders] Richard and Stephen have built a much-needed, user-friendly product that has seen great traction in key markets in the US and Australia, and Investible is excited to help the team unlock another phase of growth.”