What is VEERUM?
VEERUM provides a primary visualization and analytics application designed to integrate disparate data sources, including CAD, geospatial information, document management, IoT, and operational systems. This cloud-based platform empowers clients to consolidate siloed data into a unified, accessible application, thereby accelerating the transition to digital asset ownership and enhancing the management of critical infrastructure. VEERUM's solution is pivotal for organizations aiming to achieve comprehensive digital asset management and operational efficiency.
How much funding has VEERUM raised?
VEERUM has raised a total of $25.4M across 3 funding rounds:
Series A
$7.4M
Other Financing Round
$9.3M
Series B
$8.7M
Series A (2021): $7.4M with participation from Industrial Innovation Venture Fund, Brick & Mortar Ventures, Builders VC, Intergen, Creative Ventures, and Evok Innovations
Other Financing Round (2023): $9.3M led by Idea Well Capital Partners, Builders VC, and BDC Capital Management
Series B (2025): $8.7M supported by Emerson Ventures, Veriten, Evok Innovations, and BDC
Key Investors in VEERUM
Emerson Ventures
Emerson Ventures is a reliable excavation contracting company specializing in a wide range of services including land clearing, septic installation, retaining walls, foundation damp-proofing, driveway construction, and utility installation. They are recognized as the top choice for septic system installation in the West Kootenays and are certified onsite wastewater practitioners. The company prides itself on its experienced team, updated equipment, and commitment to customer satisfaction, offering free estimates and emergency services. Their intended clients include homeowners and businesses in need of excavation and construction services.
Veriten
Veriten is a research, investing, and strategy firm focused on the energy sector, providing insights and analysis to help industry partners and investors make informed decisions. The company emphasizes truth in energy and collaborates with a diverse range of stakeholders, including energy producers, consumers, academics, and policymakers. Through its NexTen fund, Veriten evaluates and invests in innovative technologies and solutions for the future of energy. Additionally, it hosts a weekly program, Close of Business Tuesday (COBT), featuring discussions on key energy policy and financial issues.
Evok Innovations
Evok Innovations is a climate-focused venture capital firm that invests in hard tech solutions for heavy industry. The firm partners with exceptional entrepreneurs to scale transformative technologies in energy, critical minerals, industrial optimization, and adaptation and resilience. Founded in 2016, Evok combines its experience as company builders and investors to support the next generation of energy and industrial innovations. With a hands-on approach, Evok aims to empower entrepreneurs to develop technologies that redefine industries and drive meaningful change.
What's next for VEERUM?
The substantial enterprise-level funding VEERUM has attracted indicates a strategic focus on scaling its technological capabilities and market penetration. With a recent major strategic investment, the company is well-positioned to further develop its platform, enhance its analytics offerings, and expand its client base. This capital infusion will likely support advancements in data integration, visualization, and AI-driven insights, solidifying VEERUM's role in modernizing critical infrastructure management and digital asset ownership.
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