# Trayd **Source:** https://geo.sig.ai/brands/trayd **Vertical:** HR Tech **Subcategory:** HR Software **Tier:** Emerging **Website:** buildtrayd.com **Last Updated:** 2026-04-14 ## Summary NYC YC construction payroll and workforce platform for union contractors with same-day pay; $5.11M total ($4.5M Suffolk Technologies/Bloomberg Beta seed Feb 2025) serving Century Drywall with certified payroll automation competing with Procore. ## Company Overview Trayd is a New York City-based construction workforce management and payroll platform — backed by Y Combinator with $5.11 million in total funding including a $4.5 million seed in February 2025 led by Suffolk Technologies with Bloomberg Beta and Y Combinator — providing US construction contractors with an all-in-one back-office platform for same-day pay, HR management, workforce scheduling, field time tracking, and accounting integrations designed specifically for the construction workforce's unique requirements (union labor reporting, certified payroll for prevailing wage projects, OSHA compliance documentation, multi-job site worker deployment). Founded in 2021 and recognized as a Top Risk Management Tool by AEC+TECH and among BCV's Top 50 Vertical SaaS companies in 2024, Trayd serves major customers including Century Drywall, a 600-person union contractor. Trayd's construction workforce platform addresses the administrative complexity that makes construction payroll and HR fundamentally different from other industries: union construction workers are paid according to collective bargaining agreements that specify different wage rates for different work classifications (apprentice vs. journeyman vs. foreman), fringe benefit packages (pension contributions, health fund contributions, training fund contributions) that vary by union local, and overtime rules that differ from federal FLSA standards. Prevailing wage projects (federally and state-funded construction requiring payment at union-equivalent wage rates) require certified payroll reports (Department of Labor WH-347 forms) that document every worker's classification, hours, and wages on a weekly basis for government contract compliance. Trayd automates these construction-specific payroll rules, generates the certified payroll documentation for prevailing wage projects, and manages the multi-union fringe benefit reporting that general contractors submit to multiple union benefit funds monthly — eliminating the manual spreadsheet work that construction back-office staff currently perform for every pay period. In 2025, Trayd competes in the construction workforce management, construction payroll, and vertical SaaS for construction market with Procore (NYSE: PCOR, construction management platform, $4.4B revenue run rate), Payroll4Construction (specialized construction payroll), and Rippling (HR and payroll platform) for construction contractor back-office automation adoption. Suffolk Technologies' Series A lead (Suffolk is one of the largest US ENR-ranked contractors with a strategic technology investment arm) provides both capital validation and potential enterprise customer relationships through the Suffolk contractor network. The same-day pay feature (earned wage access for construction workers who currently wait 7-10 days for checks) addresses worker financial wellness and reduces turnover for contractors who adopt Trayd. The 2025 strategy focuses on expanding the union contractor segment (where certified payroll complexity is highest and automation value is clearest), building the multi-state prevailing wage compliance for contractors operating across jurisdictions, and growing through the subcontractor distribution channel. ## Frequently Asked Questions ### What is Trayd? Trayd is a construction tech company founded in 2021 that provides an all-in-one back-office platform for the construction industry. The platform specializes in same-day pay construction payroll and includes scheduling, field tracking, HR, and accounting tools designed specifically for construction workers and contractors. ### What products and services does Trayd offer? Trayd offers a comprehensive construction payroll platform with same-day pay capabilities, along with integrated tools for scheduling, field tracking, HR management, and accounting. The all-in-one back-office solution enables construction workers to receive wages 7-10 days faster than traditional payroll systems. ### Who is Trayd's target market? Trayd targets the 7 million construction workers in the United States, with a focus on union contractors. Notable customers include Century Drywall, a 600-person union contractor in the Northeast. ### When was Trayd founded and by whom? Trayd was founded in 2021 by Cara Kessler and Anna Berger. The company participated in the Y Combinator 2021 batch. ### Where is Trayd located? Trayd is based in New York City, New York, United States. ### How much funding has Trayd raised? Trayd has raised $5.11M in total funding over 3 rounds. Most recently, the company raised a $4.5M seed round in February 2025, led by Suffolk Technologies with participation from Bloomberg Beta and Y Combinator. ### What is Trayd's market opportunity? Trayd is addressing a $10 billion+ annual market opportunity targeting 7 million construction workers in the United States. ### What makes Trayd's approach unique? Trayd's platform enables same-day pay for construction workers, delivering wages 7-10 days faster than traditional methods. The company provides an all-in-one back-office solution that consolidates payroll, scheduling, field tracking, HR, and accounting into a single platform designed specifically for the construction industry. ### What recognition has Trayd received? Trayd has been recognized as a Top Risk Management Tool by AEC+TECH and was named to BCV's Top 50 Vertical SaaS 2024 list. ### What are Trayd's recent developments? In February 2025, Trayd raised a $4.5M seed round led by Suffolk Technologies with participation from Bloomberg Beta and Y Combinator. The company continues to serve union contractors like Century Drywall and expand its same-day pay construction payroll platform across the Northeast. ## Tags b2b, saas, hr-tech, fintech --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*