Veyor Secures Series A Funding
Veyor, a company specializing in live delivery management software for the construction sector, has successfully raised $10.5 million in a Series A funding round announced on March 3, 2026. The company, led by CEO and co-founder Richard Fifita and CFO/COO and co-founder Stephen Rockett, provides a platform that helps dispersed construction teams and their suppliers plan, manage, and track daily activities efficiently.
Funding Details
The Series A round, which values Veyor at an estimated $50 million to $75 million, was a significant milestone for the company. However, details about the specific investors in this round remain undisclosed. The funding comes at a time when Veyor is experiencing rapid growth, particularly in the United States, where its revenue is increasing at a rate of over 150% year-on-year.
Expanding US Presence
The funds will primarily be used to scale Veyor's operations in the United States, a market that currently constitutes more than 30% of the company’s revenue. Veyor supports over 60 customers across more than 30 US states and aims for the US market to account for more than half of its total revenue within the next 12 to 24 months.
Richard Fifita, CEO of Veyor, emphasized the importance of this funding round, stating: "We've proven the model locally and built real momentum in the US, and now we're scaling with intent."
Enhancing Construction Logistics
Veyor's platform addresses a critical need in the construction industry by digitizing site logistics and materials coordination, which are often still managed through traditional methods like email and spreadsheets. The software acts as a real-time system of record for deliveries and material flows, integrating contractors, suppliers, tenants, and operators across complex projects.
Future Plans
With the new funding, Veyor plans to enhance its platform further and expand its customer base. The company is also likely to invest in scaling its team and operations to support its growing presence in the US market.
For more information on Veyor and its services, visit their official website.