Trayd, a New York-based construction payroll platform, has raised $4.5 million in a seed funding round.
Investors
The round was led by Suffolk Technologies, the venture capital arm of Suffolk Construction, with participation from Bloomberg Beta and Y Combinator.
Suffolk Technologies is a venture capital platform that funds the next generation of companies solving challenges in the built environment. It invests in early and growth-stage companies across real estate, construction, and smart cities, leveraging Suffolk’s expertise to drive industry-wide innovation.
Trayd Use of Funds
The investment will enhance product development, expand the team, and scale operations to meet increasing market demand.
About Trayd
Founded by Anna Berger and Cara Kessler, Trayd provides construction payroll and compliance software designed for specialty contractors. Its all-in-one back-office platform integrates payroll, scheduling, field tracking, HR, and accounting tools. Headquartered in New York City, Trayd has already gained traction with clients like Century Drywall, a 600-person contractor in the Northeast U.S.
Funding Details
Company: Trayd Inc.
Raised: $4.5M
Round: Seed Round
Funding Date: February 2025
Lead Investor: Suffolk Technologies
Additional Investors: Bloomberg Beta, Y Combinator
Company Website: https://www.buildtrayd.com/
Software Category: Construction Payroll and Workforce Management
Source: https://www.businesswire.com/news/home/20250204725270/en/