Trayd, a NYC-based provider of a construction payroll platform, raised $4.5M in Seed funding.
The round was led by Suffolk Technologies, with participation from Bloomberg Beta and Y Combinator.
The company intends to use the funds to accelerate its product development, team expansion, and scale efforts to meet the market demand.
Led by CEO Anna Berger and CTO Cara Kessler, Trayd offers a construction payroll and compliance software designed for specialty contractors, providing scheduling, field tracking, HR, and accounting tools. The company has already gained traction with union customers, such as Century Drywall, a 600-person drywall contractor serving the Northeast United States. At the same time, the platform’s fringe benefit calculations and prevailing wage overrides make it an effective solution for non-union contractors, empowering workforce management operations, creating more opportunities.
FinSMEs
04/02/2025