# Varicon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/varicon

- Industry: Software
- Headquarters: Hobart, Australia
- Website: www.varicon.com.au
- Total disclosed funding: $2.3M
- Latest round: Seed (Feb 14, 2022)
- Investors on record: 5

## About

Founded in 2018 and based in Australia, Varicon Pty Ltd was created in collaboration with the construction industry to address cost management issues for on-site and office-based personnel. In April 2022, Varicon Pty Ltd raised USD 2.25 million in Seed funding from Black Nova, including Aconex founder Leigh Jasper and construction tech investor Andrew Sypkes. James Baker, Ofer Assor, and Siddhant Shrestha are the co-founders of the company, which employs 31 employees.

The company assists construction firms to reduce financial risk and simplify onsite cost management through mobile technology, cloud-native cost management, and analytics. The firm's construction cost management software's features include a management dashboard, forecasting, daily cost tracking, progress and variation claims, reporting, managing dockets, onsite mobile solutions, document management, timesheets, and accounting integrations.

## Funding rounds

- Seed, Feb 14, 2022, $2.3M — Artesian, Galileo Ventures, Black Nova Group, Sypkes Group, Metagrove Ventures

## Investors

- Artesian (https://capitalatlas.ai/funds/artesian) — Seed
- Galileo Ventures — Seed
- Black Nova Group (https://capitalatlas.ai/funds/black-nova-group) — Seed
- Sypkes Group — Seed
- Metagrove Ventures (https://capitalatlas.ai/funds/metagrove-ventures) — Seed