Veyor Secures Series A Funding
Veyor, a company specializing in logistics management software, announced on March 3, 2026, that it has raised $10.5 million in a Series A funding round. Veyor's platform integrates delivery management, compliance, and access coordination, streamlining logistics processes for construction projects.
Leadership and Vision
The company was co-founded by CEO Richard Fifita and CFO/COO Stephen Rockett, who have been pivotal in driving the company's growth and innovation. Richard Fifita commented on the recent funding, stating, "We’ve proven the model locally and built real momentum in the US, and now we’re scaling with intent."
Strategic Expansion in the US
Veyor's funding will primarily support its expansion in the United States, a market where the company has already seen substantial growth. Currently, the US accounts for over 30% of Veyor's revenue, with a year-on-year growth rate exceeding 150%. The company serves more than 60 customers across over 30 states. With the new funds, Veyor aims to increase its US revenue share to over 50% within the next 12 to 24 months.
Use of Funds
The Series A funding will be allocated towards enhancing Veyor's product offerings and expanding its operational reach in the US market. This includes further development of its logistics management platform to better serve the complex needs of construction projects, where coordination often relies on outdated methods like spreadsheets and email chains.
Looking Ahead
As Veyor continues to grow, the company is focused on leveraging its software to simplify logistics management across various construction sites, thereby improving efficiency and communication among contractors, suppliers, and operators. This funding round marks a significant milestone in Veyor's journey to becoming a leading player in the logistics software industry.