Trestle, a NYC-based subcontractor and supplier data centralization and performance management solution for construction sector, raised $2.3M in Pre-Seed funding.
The round was led by Lerer Hippeau with additional participation from MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, and Meridian Ventures.
The company intends to use the funds to expand operations and its business reach.
Founded in 2022, and led by CEO Victor Zhang P.E., Trestle provides a vendor risk management platform for the construction sector. With AI-powered document handling, automated approvals, and precise data collection, the system enables organizations to qualify subcontractors and suppliers quickly and accurately. Its API connects to existing dashboards for unlimited flexibility, giving Trestle the ability to work with a variety of bidding, estimating, and ERP systems.
To date, the company has generated a database of 54,000 subcontractors and suppliers on its platform. US contractors including Yonkers Contracting Company and TCE – An Iovino Enterprises Company have used Trestle to develop, manage, and sustain vendor relationships across their project portfolios.
FinSMEs
04/09/2024