Trayd, a New York-based construction payroll software provider, has raised $4.5 million in a seed funding round.
The investment was led by Suffolk Technologies, with participation from Bloomberg Beta and Y Combinator.
The funding will support the company’s efforts in product development, team expansion, and scaling operations to address growing market demand.
Founded by CEO Anna Berger and CTO Cara Kessler, Trayd offers a payroll and compliance platform tailored for specialty contractors. The software integrates scheduling, field tracking, HR, and accounting features.
The platform has gained traction among union contractors, including Century Drywall, a 600-employee drywall contractor operating in the Northeast U.S. Additionally, Trayd’s fringe benefit calculations and prevailing wage overrides provide solutions for non-union contractors, enhancing workforce management and payroll compliance.
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By Proptechbuzz
By Ravi Kumar
