Veyor raises $10.5M Series A, US revenue up 150%
Construction logistics startup Veyor closed a $10.5 million Series A at a $50-75 million valuation. Marbruck Investments led the round, with participation from CoAct, Investible, and SpringCapital.
The platform digitises site logistics and materials coordination for construction projects. Think delivery schedules, material flows, and contractor coordination, currently managed through email chains and spreadsheets. Veyor replaces that with real-time operational software.
US revenue now represents 30% of total, growing at 150% year on year. The company supports 60-plus customers across 30-plus US states and expects US revenue to exceed 50% of total within 12 to 24 months.
What this means for hiring: Series A at this valuation typically funds go-to-market expansion. Expect AE and SDR roles in both ANZ and US markets. Construction tech sales requires understanding project cycles, stakeholder mapping across contractors and suppliers, and longer deal cycles than typical SaaS.
CEO Richard Fifita called it a "step-change moment" and stated the ambition: "become the system of record for site logistics globally."
The raise follows a $2.75 million pre-Series A in 2024. Construction tech remains one of the less-digitised verticals, which creates opportunity but also means longer sales cycles and more education required during the deal process.
Context: Construction logistics software sits at the intersection of prop tech, supply chain, and field operations. Buyers include general contractors, developers, and facility managers. Deal sizes vary significantly based on project scale: from single-site deployments to enterprise agreements covering multiple projects.
For sales professionals evaluating construction tech opportunities: understand the buyer personas (project managers, operations leads, procurement), get comfortable with site visits, and expect deals to correlate with construction cycles and project timelines.