
Trayd Raises $4.5M to Revolutionize Construction Payroll
Key Highlights:
- Trayd secures $4.5M seed funding led by Suffolk Technologies, with participation from Bloomberg Beta and Y Combinator.
- Trayd automates payroll, scheduling, and HR for specialty contractors, addressing inefficiencies in a $2T industry.
- Funds will support product innovation, team expansion, and scaling to meet the growing market demand.
- Strong traction with union and non-union contractors, including Century Drywall, a 600-person drywall contractor.
- Trayd’s advanced payroll compliance tools help contractors participate in large-scale, federally-funded projects.
Source: Business Wire
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