Trayd: Construction Payroll, HR, & Compliance reposted this
🎉 Portfolio Highlight: Trayd: Construction Payroll, HR, & Compliance🎉 Construction payroll is still stuck in the stone age. I've watched countless contractors struggle with manual timesheets, complex prevailing wage calculations, and workers waiting weeks to get paid. Anna Berger and Cara Kessler saw this firsthand and decided to fix it. Trayd is building the modern back-office platform construction desperately needs. They handle everything from payroll and scheduling to time tracking and HR, but here's the game changer: workers get paid the same day they work. No more waiting two weeks for a paycheck. The platform automates the painful stuff like prevailing wage overrides, handles both W-2 and 1099 workers seamlessly, and gives contractors real-time visibility into labor costs. Construction companies using Trayd can finally ditch their spreadsheets and paper timesheets. What impressed me most about Anna Berger and Cara Kessler is their deep understanding of the industry's pain points. They're lifelong friends who've methodically tackled each friction point in construction workforce management. Their $4.5M seed round led by Suffolk Technologies with Bloomberg Beta and Y Combinator validates the massive market opportunity. Construction is a $1.8 trillion industry that's been underserved by tech for decades. Trayd is changing that, one payroll at a time. Super excited to back this team as they modernize how construction companies manage their most important asset: their people.