Trunk Tools raised $20M in Series A funding led by Redpoint Ventures to expand operations and enhance development efforts.
Aug 20, 2024•12 months ago
Amount Raised
$20 Million
Round Type
series a
Investors
Innovation EndeavorsRedpoint Ventures
Description
Trunk Tools, a NYC-based provider of an AI Platform for the construction industry, secured $20M in Series A funding. The funds will be used to expand operations and development efforts, focusing on leveraging AI technology to improve productivity in construction.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech