Veyor raises $10.6M Series A, hiring US sales team for construction tech platform
Sydney construction logistics startup Veyor closed a US$7.5M ($10.6M AUD) Series A led by Marbruck Investments, with CoAct and existing investors Investible and SpringCapital participating. The 2017-founded company previously raised $2.75M in a pre-Series A two years ago.
Veyor's platform digitises site logistics and materials coordination for construction projects. Think real-time delivery tracking and material flow management across contractors, suppliers, and operators. The company describes it as "Uber Eats for construction," though the actual value proposition is coordination software for complex builds.
The funding finances US expansion, specifically senior go-to-market hires. CEO Richard Fifita is relocating to the US. Worth noting: the company already has 60+ customers across 30+ states, generating more than 30% of revenue from North America. They are targeting 50% US revenue within 1-2 years.
What this means for sales professionals
Construction tech is hiring. Veyor's expansion follows a pattern: prove product-market fit locally (Australia), land initial US customers, then staff up for proper market penetration. Series A typically means the SDR and AE headcount multiplies.
The construction software space has been adding sales roles consistently. Veyor joins companies like Procore, Buildr, and Assignar in digitising a historically low-tech vertical. Enterprise sales cycles are long (6-12 months), but deal sizes justify it. Construction projects involve multiple stakeholders: contractors, suppliers, site managers. That complexity means relationship selling, not transactional closes.
For candidates evaluating construction tech roles: validate the customer base. Veyor's 60+ customers across 30+ states suggests real traction, not just a few lighthouse accounts. Ask about sales cycle length, average contract value, and quota attainment rates. Construction projects are cyclical, so understand how seasonality impacts pipeline.
Remote roles are common in this vertical. You are selling to job sites and contractor offices, not SaaS companies in CBD towers. Expect travel to customer sites, even for inside sales roles.
No comp details in the announcement. Standard for early-stage construction tech: base $80K-$120K for AEs depending on experience, OTE $140K-$200K. Enterprise AEs at more mature construction software companies (Series B+) can hit $180K+ OTE.