About Varicon
Varicon is a company based in Hobart (Australia) founded in 2018 by Ofer Assor. Varicon has raised $2.69 million across 3 funding rounds from investors including Black Nova, Galileo Ventures and Artesian. Varicon offers products and services including Varicon Platform, AP Automation, Site Diary, Payroll Automation, and Progress Claims. Varicon operates in a competitive market with competitors including Adaptive, Smartbeam, Mela Works, Bauwise and Compa, among others.
- Headquarter Hobart, Australia
- Founders Ofer Assor
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Sectors
Real Estate & Construction
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Email
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Phone
Locked
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Website
Locked
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$2.69 M (USD)
in 3 rounds
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Latest Funding Round
$2.25 M (USD), Seed
Mar 17, 2022
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Investors
Black Nova
& 9 more
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Employee Count
Not available
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Products & Services of Varicon
Varicon offers a comprehensive portfolio of products and services, including Varicon Platform, AP Automation, Site Diary, Payroll Automation, and Progress Claims.
Platform for real-time construction cost tracking and automation.
Automates accounts payable to reduce processing workload.
Digital tool for capturing site updates and progress.
Simplifies timesheet entry and payroll reconciliation.
Manages accurate claims for construction projects.
People of Varicon
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Funding Insights of Varicon
Varicon has successfully raised a total of $2.69M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.25 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Varicon
Varicon has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Black Nova, Galileo Ventures and Artesian.
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Venture capital investments are provided to B2B technology startups.
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Early-stage venture capital funding is provided by Galileo Ventures.
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Venture capital and private debt fund focused on climate, agrifood, health, AI, and multiple sectors
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Investor details for Varicon
Investor domains, locations, round participation, and complete history require an active premium plan.
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Varicon
Investment portfolio details for Varicon
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Financial Statements - Varicon
Detailed financials for Varicon
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Varicon Comparisons
Peer comparison for Varicon
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Competitors of Varicon
Varicon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Adaptive, Smartbeam, Mela Works, Bauwise and Compa, among others.
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Adaptive is recognized as an AI-powered financial management platform for construction professionals.
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Cost and budget management is facilitated for construction projects.
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Field workforce collaboration is enabled via a mobile platform.
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Software for tracking construction budgets, costs, invoices, and subcontractor management.
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Merchant processing solutions are provided for payment acceptance and management.
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Detailed competitors of Varicon
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Latest news on Varicon
Complete news archive for Varicon
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Frequently Asked Questions about Varicon
Varicon was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Varicon is headquartered in Hobart, Australia. It is registered at Hobart, Tasmania, Australia.
Varicon is a funded company, having raised a total of $2.69M across 3 funding rounds to date.
Varicon was founded in 2018 in Hobart, Australia, as a SaaS platform focused on cost management within the construction sector. Tools for cost forecasting, job tracking, progress oversight, variation claims, site diaries, timesheets, automated reports, and document handling are included. Operations support professionals in managing project finances and workflows across Australian sites.
Varicon offers Varicon Platform, AP Automation, Site Diary, Payroll Automation, and Progress Claims.
Varicon has 10 investors. Key investors include Black Nova, Galileo Ventures, Artesian, Danielle Mathiesen, and Andrew Sypkes.