Veyor raises AUD $11m to accelerate US site logistics

Veyor, an Australian construction technology company, has raised AUD $11 million (USD $7.5 million) in Series A funding as it expands in the US, which now generates more than 30% of its revenue.

The round valued the business at AUD $50-75 million. Marbruck Investments led the funding, with CoAct participating. Existing backers Investible and SpringCapital also invested.

Veyor has raised more than AUD $20 million to date. Founded in Sydney, it sells software that helps manage site logistics and materials coordination.

Many construction firms and asset operators still handle delivery bookings and material movements through email and spreadsheets. Veyor positions its product as a system of record for deliveries and material flows, linking contractors, suppliers, tenants and operators working across complex sites.

US traction

The United States now accounts for more than 30% of Veyor's revenue. The company reported US revenue growth of more than 150% year on year and said it supports more than 60 customers across more than 30 US states. It expects the US share of revenue to exceed 50% within 12-24 months.

Customer names cited include Turner, Skanska and Balfour Beatty. Veyor also pointed to deployments across high-traffic assets including JFK Airport in New York and Capital One Arena in Washington, DC.

The raise comes amid heavy investor interest in artificial intelligence across software markets, but also underscores continued support for products focused on day-to-day operational workflows in construction. Site logistics and materials coordination sit at the intersection of project management, procurement and on-site execution, where delays and missed handovers can add cost and increase schedule risk.

Product scope

Veyor's platform digitises delivery scheduling for construction sites and loading docks. It is also used to coordinate material movements and manage access, communication and handovers between parties working around a site.

Next, Veyor plans to expand beyond delivery scheduling. Its roadmap includes procurement features and tools for inventory and warehouse management. The company also plans continued product development alongside its US expansion.

Hiring plans

Proceeds from the Series A will fund US expansion, including senior go-to-market hires. CEO and co-founder Richard Fifita will relocate to the United States as part of the next stage of growth.

Construction technology remains a crowded segment, with products spanning design, cost control, scheduling, safety, document management and field collaboration. Logistics and materials handling cut across multiple roles on a project, from subcontractors arranging deliveries to site managers managing constraints such as loading-bay time, storage space and restricted access.

Veyor's pitch centres on bringing those flows into one place and sharing up-to-date information between stakeholders. The company has tied its expansion to US adoption and work across complex assets where scheduling and access constraints are strict.

Marbruck principal Prue Freestone pointed to measurable returns and US adoption as factors behind the investment.

"We look for companies solving real, structural problems with measurable ROI. Veyor has demonstrated strong product-market fit in the US, scaling with leading contractors and asset owners in a capital-efficient way. The platform addresses a critical operational gap in construction, and we see a clear path for it to become foundational infrastructure for the built environment," said Prue Freestone, Principal, Marbruck Investments.

Fifita described the round as a step up in international growth and product scope.

"This is a step-change moment for Veyor. We've proven the model locally and built real momentum in the US, and now we're scaling with intent. Our ambition is to become the system of record for site logistics globally. With this capital, we're doubling down on product depth and US expansion to build enduring operational infrastructure for the built environment," said Richard Fifita, CEO and Co-Founder, Veyor.