Blackhorn Ventures joined Creative Ventures in a $3.9 million CAD seed funding round led by Brick & Mortar Ventures for built environment startup VEERUM. VEERUM has developed a platform that allows for the creation of a digital twin of construction job sites that can be utilized to save significant costs with both engineering and travel to sites. Dr. Raymond Levitt, a Blackhorn Operating Partner with extensive experience with the built environment noted Blackhorn Ventures is pleased to invest in VEERUM. The company brings a unique combination of world-class, technical expertise in data organization and analysis, along with its principals’ deep industry experience managing capital projects to solve an important problem for the construction industry. As part of our due diligence, we learned VEERUM’s clients report millions of dollars of savings on each project from eliminated or greatly reduced on-site rework by using their Digital Twin platform and services.
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