VEERUM Raises $7.4 Million in Growth Capital to Expand Its Global Presence

VEERUM’s unique ability to aggregate information, including display computer-aided design (CAD), geospatial, document management and Internet of Things (IoT) data in a web-based 3D viewer, is what the global market is demanding. “We are proud to offer a truly disruptive solution that provides value across multiple industries, and we are excited to partner with BDC and Builders VC to unlock additional channels to expand our impact globally,” says David Lod, CEO of VEERUM. “With impressive progress over the past two years and very positive customer feedback, VEERUM is well-positioned to meet this increasing demand while continuing to grow and deploy its solution in the U.S. and globally.” BDC’s $250 million fund invests in companies and entrepreneurs who are accelerating the transformation of core Canadian industries that form the backbone of the national economy, including agriculture and food technologies, resource extraction technologies and advanced manufacturing. “I have had the fortunate opportunity to work with the company since 2014 and witnessed how the team has evolved to become a true market leader in industrial asset visualization, providing demonstrable ROI to its growing list of clients around the globe,” says Mark Blackwell, General Partner at Builders VC. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage.