Construction tech startup Trayd has secured $10 million in Series A funding, led by White Star Capital and including participation from Y Combinator and Suffolk Technologies. The round closed in just three weeks, bringing Trayd's total funding to $17 million. Trayd automates payroll, HR, compliance, and labor cost tracking for specialty trade contractors, who place skilled workers on job sites.

Founder Anna Berger, a New York construction industry veteran, identified the market gap after seeing firsthand the operational strain of manual processes. The startup aims to cut payroll time from 14 hours to under 30 minutes by automating variable pay rates, union rules, and multistate taxes. Trayd's SaaS model processes tens of millions of payroll dollars weekly, serving clients like United General Contractors.

Despite being a female-led company in a male-dominated field, Berger notes the pressure has driven deeper customer relationships and product refinement. White Star Capital praised Trayd's founders as a 'rare combination' with a thoughtfully built product that positions it for AI integration in construction tech.