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Trunk Tools Launches With $9.9M Seed Round

NEW YORK, NY, 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.

Trunk Tools is a platform that addresses the widespread skilled labor shortage in construction by aligning incentives. Its solutions help project leaders increase workforce productivity and safety throughout the building process while getting workers paid faster. Applying a combination of technology, AI-based project management, and behavioral and economic psychology, Trunk Tools can improve project time and budget outcomes and help companies attract, retain, and employ talent effectively. Trunk Tools was founded by Dr. Sarah Buchner in 2021 and is backed by Innovation Endeavors.
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