Trestle, which is a subcontractor and supplier data centralization and performance management solution for the construction industry, announced it has secured $2.3 million in pre-seed funding led by Lerer Hippeau with additional participation from MetaProp, Laconia Capital, Alumni Ventures, The LegalTech Fund, Redbud VC, and Meridian Ventures.
Launched in 2022, Trestle is the construction industry’s only automated prequalification and vendor management platform providing modern software solutions for contractors working on heavy construction projects. And by creating a centralized platform that seamlessly collects and connects key subcontractor and supplier information from internal and external systems, Trestle empowers contractors to choose the right partners, improve project transparency, share real-time feedback about third-party performance on projects, and mitigate risk before it impacts their bottom line.
Based in New York, Trestle is available to contractors across the US. To date, the company has a database of 54,000 subcontractors and suppliers on its platform. Leading US contractors including Yonkers Contracting Company and TCE – An Iovino Enterprises Company have utilized Trestle to develop, manage, and sustain vendor relationships across their project portfolios.
KEY QUOTES:
“Developed by a team with over 15 years of construction experience, Trestle is uniquely positioned to tackle the persisting challenges in the construction industry, specifically in the multitude of systems currently employed by general contractors for managing subcontractor and supplier information within construction organizations, highlighting the lack of a centralized hub. We’re incredibly excited to have secured this round of funding, which will be instrumental to us as we continue to grow our team of software engineers and solidify our platform as the industry’s single source of truth for vendor management and performance analytics.”
– Victor Zhang P.E., CEO and co-founder of Trestle
“Trestle represents the forefront of construction management, seamlessly blending state-of-the-art technology with the industry’s core needs. We are thrilled to have spearheaded Trestle’s pre-seed round and support the company’s vision and mission. Victor and Jason have a keen understanding of the industry’s needs and shortcomings, and their platform is poised to simplify intricate construction projects.”
– Andrea Hippeau, Partner at Lerer Hippeau
“Trestle is leading the next major advancement in modernizing project management within the heavy construction industry. Victor and Jason’s profound domain expertise and sharp product instincts have been instrumental to their early success. We’re thrilled to support their continued growth in 2024 and beyond.”
– Zach Aarons, Co-Founder and General Partner at MetaProp
“Our team’s deep knowledge in construction constrains the number of investments we make in the space. Construction customers are hard to build for, but Victor and Jason have a unique insight that can solve a massive problem that follows GCs from sourcing vendors to completing a contract. This team checks the boxes of being scrappy, relentless, obsessed with their customer, and having a network to hack distribution.”
– Brett Calhoun, Managing Director & General Partner at Redbud VC
