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Trunk Tools raised $20M in Series A funding led by Redpoint Ventures to expand operations and enhance development efforts.

PRIVATEAug 20, 2024

Amount Raised

$20 Million

Round Type

Series A

New YorkConstruction

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.

Quick answer

Trunk Tools raised $20 Million in a Series A round, dated August 20, 2024. Investors: Innovation Endeavors and Redpoint Ventures. Trunk Tools is based in New York, New York, United States.

How much did Trunk Tools raise?
Trunk Tools raised $20 Million in a Series A round on August 20, 2024.
Who invested in Trunk Tools?
Innovation Endeavors and Redpoint Ventures are named as investors in this round.
What does Trunk Tools do?
Trunk Tools is an innovative construction fintech startup solving the skilled labor shortage by enabling project leaders to increase workforce productivity, safety and profitability by aligning incentives from top to..
Where is Trunk Tools based and how big is it?
Trunk Tools is based in New York, New York, United States.
Who are the decision-makers at Trunk Tools?
Fundz holds 1 contact at Trunk Tools. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Construction around the same time

Companies in the same sectors as Trunk Tools that raised within 45 days of this round, from Fundz verified event records.

  • SKYX Platforms raised $11M on October 4, 2024.
  • Origin Capital Group raised an undisclosed amount on September 26, 2024.
  • Dandelion Energy raised $40M (Series C) on September 24, 2024.
  • MOMPD D.B.A. PrintProHomes raised $820K (Seed) on September 23, 2024.
  • AICrete raised $5M (Seed) on September 20, 2024.
  • RB Investor IV raised $1.5M (Seed) on September 18, 2024.

Who to call at Trunk Tools, and when

A new round usually means Trunk Tools is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Trunk Tools raises, hires an executive or expands, scored against what you sell
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Company Information

Company

Trunk Tools

Location

New York, New York, United States

About

Trunk Tools is an innovative construction fintech startup solving the skilled labor shortage by enabling project leaders to increase workforce productivity, safety and profitability by aligning incentives from top to bottom, encouraging efficiency and positively motivating the workforce.

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Fundz sees it the moment Trunk Tools raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Trunk Tools raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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