
Trestle
A powerful all-in-one vendor management solution for your entire organization.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
investor investor | €0.0 | round | |
* | $2.3m | Seed | |
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Trestle, founded in 2022 by Victor Zhang and Jason Chen, is a technology company that provides a vendor management platform for the construction industry. The company was born out of Zhang's firsthand experience with the challenges of vendor procurement in the construction sector, where he spent over 15 years in heavy civil contracting.
Zhang, the CEO, previously worked as an Estimating Manager at Dragados, a global civil construction contractor. His co-founder and CTO, Jason Chen, brings a strong technical background to the company, having previously worked as a Team Lead & Senior Software Engineer at NEWNESS. Their combined expertise in construction and software development forms the foundation of Trestle's offering.
The company's platform is designed to streamline the vendor contracting and procurement process for construction companies. It uses an AI-based system to automate vendor prequalification, a traditionally manual and time-consuming task. This allows construction firms to vet and select vendors more efficiently, reducing project risks and costs. The platform also provides tools for managing vendor data, tracking performance, and ensuring compliance.
Trestle operates on a B2B SaaS model, charging construction companies a subscription fee for access to its platform. The company targets a wide range of clients within the construction industry, from general contractors to large-scale developers. By automating a critical part of the construction workflow, Trestle aims to improve the overall efficiency and profitability of construction projects.
Keywords: construction technology, vendor management, procurement software, risk management, B2B SaaS, proptech, AI in construction, automated prequalification, vendor data management, construction procurement