Trayd Analysis: $5M Raised
What is Trayd?
Trayd is a back-office operating system for construction companies, especially specialty contractors. It combines payroll, compliance, workforce management, payments, and job costing in one system. The company says it was built from firsthand construction office experience and is based in New York City.
Location
New York, United States
Employees
11-50
Founded
2022
Business Model
B2B model generating revenue through payroll services for construction subcontractors.
Investors
- Suffolk Technologies
- Bloomberg Beta
- Y Combinator
Product Features & Capabilities
- Payroll, Scheduling and Time Tracking, Projects and Reporting, HR and Onboarding, Effortless Payroll, Dynamic Scheduling, Real-time Labor Tracking, Simplified People Management
How much Trayd raised
Seed - $4.5 million
January 2025Lead Investor: Suffolk Technologies (the VC affiliate of Suffolk Construction)
Who are the founders of Trayd
AB
Anna Berger
Founder
CK
Cara Kessler
Founder
Market Focus
Trayd primarily focuses on the construction industry, providing an all-in-one back office operating system for contractors that simplifies payroll, compliance, scheduling, and labor management across various trades.
Competitors Overview
Trayd operates in the construction back office software market, where it faces competition from several notable companies. The main competitors include:
-
Procore: A leading construction management software that offers a comprehensive suite of tools for project management, financials, and field operations. Procore is known for its robust integration capabilities and user-friendly interface.
-
Remato: Focuses on automation for administration and collaboration, with pricing starting from £90/month. It emphasizes stress-free collaboration and better awareness in project management.
-
Archdesk: Tailored for construction and production industries, Archdesk optimizes workflows and mirrors company structures. Pricing is available upon request.
-
Planyard: Specializes in construction accounting for large-scale projects, offering features that standardize processes. Pricing starts from $24 per project/month.
-
Jonas Enterprise: Provides integrated accounting and construction management tools, enhancing productivity. Pricing is available upon request.
-
Knowify: A user-friendly platform for managing construction work, with pricing starting from $68/month.
-
Corecon: An all-in-one platform that integrates with QuickBooks and offers extensive project management features. Pricing is available upon request.
-
Sage 100 Contractor: Suitable for small to midsized contractors, it encompasses the entire construction cycle. Pricing is available upon request.
-
Acumatica: A cloud software that keeps projects on track and offers a user-friendly interface. Pricing is available upon request.
-
eSub: A document and field management solution designed for trade contractors, with pricing available upon request.
Notable differences among these competitors include their specific features tailored to different types of construction management needs, pricing structures, and levels of integration with other tools like accounting software.
See something that needs updating? Suggest edits to this profile.