# VEERUM

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

- Industry: Software
- Headquarters: Calgary, Canada
- Website: www.veerum.com
- Total disclosed funding: $33M
- Latest round: Series B (Mar 26, 2025)
- Investors on record: 10

## About

Founded in 2014 and based in Alberta, Canada, VEERUM operates as a provider of cloud-based software-as-a-service (SaaS) for the industrial Internet of things (IoT). The company was co-founded by CEO David Lod, CTO Rob Southon, and CCO Trevor MacMaster. In March 2025, VEERUM raised USD 12 million in series B funding co-led by new investors Veriten and Emerson Ventures. Returning investors BDC Capital and Evok Innovations also participated in the round. Veerum provides a secure cloud-based web solution that enables data management across the entire asset lifecycle that allows asset stakeholders to view aggregated asset data in the context of a 3D model. Veerum use cases across various industries including oil and gas, mining, utilities, and industrial construction, the company works with its clients to understand their pain points and build industry solutions that support their digital initiatives. The company will use the March 2025 funding to support the further development of its platform.

## Funding rounds

- Series B, Mar 26, 2025, $12M — BDC Capital, Evok Innovations, Emerson Ventures, Veriten
- Series B, May 29, 2023, $9.3M — BDC Capital, Evok Innovations, Builders VC, Idea Well Capital Partners
- Series A, Feb 3, 2021, $7.4M — BDC Capital, Brick & Mortar Ventures, Evok Innovations, Builders VC, Creative Ventures, InterGen Capital
- Seed, Apr 10, 2018, $3.9M — Brick & Mortar Ventures, Blackhorn Ventures, Creative Ventures

## Investors

- Brick & Mortar Ventures (https://capitalatlas.ai/funds/brick-mortar-ventures) — Seed, Series A
- Blackhorn Ventures (https://capitalatlas.ai/funds/blackhorn-ventures) — Seed
- Creative Ventures (https://capitalatlas.ai/funds/creative-ventures) — Seed, Series A
- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A, Series B
- Evok Innovations (https://capitalatlas.ai/funds/evok-innovations) — Series A, Series B
- Builders VC (https://capitalatlas.ai/funds/builders-vc) — Series A, Series B
- InterGen Capital (https://capitalatlas.ai/funds/intergen-capital) — Series A
- Idea Well Capital Partners (https://capitalatlas.ai/funds/idea-well-capital-partners) — Series B
- Emerson Ventures (https://capitalatlas.ai/funds/emerson-ventures) — Series B
- Veriten (https://capitalatlas.ai/funds/veriten) — Series B