What is VAPAR?
Founded in Sydney, Australia, in January 2018 by two women engineers, VAPAR is dedicated to accelerating the pipeline investment decision process. The company's innovative platform aims to prevent failures in underground infrastructure, thereby ensuring that critical infrastructure investments effectively serve community needs. VAPAR currently supports water authorities across the United States, United Kingdom, Australia, and New Zealand, driven by a multi-regional team of 17 professionals. The company's technology is designed to streamline the assessment and decision-making process for infrastructure projects, a critical area for public and private sector investment.
How much funding has VAPAR raised?
VAPAR has raised a total of $5.8M across 2 funding rounds:
Angel/Seed
$2.5M
Series A
$3.3M
Angel/Seed (2022): $2.5M with participation from Australian Sprint Ventures, Access Capital Ventures, Startmate, Blackbird Ventures, and Halma Ventures
Series A (2024): $3.3M led by Sprint Ventures, Autodesk, PureTerra Ventures, Halma, and Metagrove Ventures
Key Investors in VAPAR
Sprint Ventures
Sprint Ventures is an early and growth-stage venture capital firm based in Brisbane, Australia, dedicated to investing in extraordinary Australian companies that aim to build a better future. The firm prioritizes founders by providing them with social, network, and financial capital, along with access to industry mentoring and a trusted community.
Autodesk
Autodesk is a global design software and services company founded in 1982. The company develops and markets specialized software solutions across four main segments: Architecture, Engineering, and Construction; Manufacturing; Platform Solutions and Emerging Business; and Media and Entertainment.
PureTerra Ventures
PureTerra Ventures is a specialist venture capital firm that invests globally in disruptive water technologies and early-stage water companies. Their mission is to address the growing challenges in the water ecosystem caused by population growth, industrialization, and climate change.
What's next for VAPAR?
With the recent Series A financing, VAPAR is poised for accelerated growth and market expansion. The substantial backing from investors like Sprint Ventures, Autodesk, and PureTerra Ventures suggests a strategic focus on scaling operations, enhancing technological capabilities, and broadening its geographical reach. This capital will likely be instrumental in further developing VAPAR's AI-driven solutions for infrastructure assessment and in solidifying its position as a leader in the underground infrastructure investment decision space. The company's commitment to innovation and its mission to ensure reliable infrastructure investments position it for continued success in a market with increasing global demand.
See full VAPAR company page
