Trayd has announced a $10M Series-A fundraising round for its construction payroll and workforce solution platform, enabling the rapidly-growing company to accelerate product development and national expansion. Led by White Star Capital, this round brings total funding to $15M, with follow-on investments from Suffolk Technologies and Y Combinator, and a new strategic investment from RXR, the New York-based real estate and technology investment firm.

Founded in 2021, Trayd's all-in-one back-office operating system is specifically tailored for specialty trade contractors, offering payroll, HR, scheduling, and field tracking tools. The platform factors in wage calculations by trade type, state versus federal or private project scope, multi-state tax obligations, tax adjustments, compliance reporting, union rules, and more. Since launch, Trayd has reduced average weekly payroll processing time from 14 hours to 27 minutes, enabling efficient workforce deployment for its customers by returning almost a full two days of labor in the back office each work week.