Trestle, a New York-based provider of subcontractor and supplier data management solutions for the construction industry, has raised $2.3 million in pre-seed funding.
Investors
The round was led by Lerer Hippeau, with additional participation from MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, and Meridian Ventures.
Lerer Hippeau is an early-stage venture capital firm founded and based in New York City. Their portfolio includes over 400 leading enterprise and consumer businesses, such as Zipline, Guideline, MIRROR, Blockdaemon, K Health, Warby Parker, and ZenBusiness. Lerer Hippeau’s team consists of experienced operators who invest early and remain committed to helping founders build iconic companies.
Trestle Use of Funds
The company will use the funding to expand its software engineering team and enhance its platform capabilities.
About Trestle
Founded in 2022, Trestle provides an automated prequalification and vendor management platform, offering modern software solutions for contractors working on heavy construction projects. The platform centralizes subcontractor and supplier information, seamlessly integrating data from internal and external systems. Based in New York, Trestle serves contractors across the U.S., with a database of 54,000 subcontractors and suppliers. Top contractors like Yonkers Contracting and TCE use Trestle to manage and sustain vendor relationships.
Funding Details
Company: Trestle
Raised: $2.3M
Round: Pre-seed
Funding Date: September 2024
Lead Investor: Lerer Hippeau
Additional Investors: MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, Meridian Ventures
Company Website: https://www.gotrestle.com/
Software Category: Construction Management
Source: https://www.businesswire.com/news/home/20240829599072/en/