Veerum nabs $3.9 mln in Brick & Mortar-led seed round

Veerum has raised $3.9 million in a seed-stage financing. The round was led by U.S. venture capital firm Brick & Mortar Ventures. It was joined by Blackhorn Ventures, Creative Ventures and several unidentified strategic investors in Alberta. Founded in 2014 by CEO Steve Fisher, COO Scott Benesh and Product and Strategy Manager Amit Varma, Calgary-based Veerum develops digital technologies to help manage capital projects. It plans to use the funds raised to expand into the United States and adapt solutions tested in the energy industry to other, large-scale industrial projects, such as facility construction and mining.