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- Trestle Secures $2.3M Pre-Seed Funding to Revolutionize Construction Vendor Management
Trestle Secures $2.3M Pre-Seed Funding to Revolutionize Construction Vendor Management
Slice of Construction Team
September 05, 2024
Key Highlights:
Trestle secures $2.3M pre-seed funding led by Lerer Hippeau, with contributions from MetaProp, Laconia Capital, and others.
Trestle simplifies vendor management through a centralized platform designed specifically for heavy construction contractors.
Platform hosts over 54,000 subcontractors and suppliers, empowering contractors to make informed decisions and improve project transparency.
Major clients include Yonkers Contracting Company and TCE, leveraging Trestle’s data-driven approach to managing vendor relationships.
Source (Business Wire)
Notable Quotes:
“We’re incredibly excited to have secured this round of funding... instrumental as we continue to grow our team of software engineers and solidify our platform as the industry’s single source of truth.”
“Victor and Jason have a keen understanding of the industry's needs... their platform is poised to simplify intricate construction projects.”
“Victor and Jason’s profound domain expertise and sharp product instincts have been instrumental to their early success.”
Our Take:
Trestle’s recent pre-seed funding marks a significant step forward in addressing long-standing inefficiencies in the construction industry. By creating a centralized platform for managing subcontractor and supplier data, Trestle is positioning itself as a crucial tool for contractors, particularly in the heavy construction space where coordination and risk management are paramount. This investment underscores the growing recognition of digital transformation in construction, a sector traditionally resistant to change but ripe for technological disruption. Trestle’s ability to seamlessly integrate with existing systems makes it a powerful solution for companies looking to modernize their workflows while reducing risk.