Construction Fintech Startup Trunk Tools Announces Launch With $9.9M In Seed Funding

Trunk Tools, a construction-focused fintech startup that addresses the skilled labor shortage by helping workers get paid faster, announced its launch out of stealth with $9.9 million in seed funding. The oversubscribed round was led by Innovation Endeavors, with participation from Fifth Wall, Foundation Capital and several others. Trunk Tools has also been accepted into the latest cohort for Stanford dy/dx, a program supported by Sequoia Capital, Accel, Lightspeed, Index, Innovation Endeavors. The infusion of capital will fuel the company’s growth by expanding its talented team, helping accelerate the development of its unique output-focused incentives solution, and driving market adoption.