White Star Capital led the company's Series A, which was raised in just three weeks and included participation from repeat backers Y Combinator and Suffolk Technologies. The round also included an investment from new strategic backer RXR Realty, a real estate and technology investment firm. It brings New York-based Trayd's total funding to $17 million. For the unacquainted, specialty trade contractors are businesses that place skilled workers on job sites to perform the actual physical building work. These contractors include concrete crews, electricians, plumbers, ironworkers, painters and fireproofing. They're distinct from general contractors, who manage and coordinate projects overall but don't typically perform the hands-on trade work themselves. Trayd is working to fill what it believes is a unique gap in the market. While there are significantly more specialty trade contractors than general contractors, the majority of construction technology has been built for the latter,...
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