A company called Lumber, which makes a software platform for managing construction workers, has secured $5.5M in Seed funding from various investors.
Carbide Ventures led the round, and other backers included Escape Velocity, 8VC, Sure Ventures, Converge VC, and Firsthand Alliance, as well as some individual investors.
The company, based in Saratoga, CA, plans to use the funds to grow its operations and reach more customers.
Lumber’s Founder and CEO is Shreesha Ramdas. His company offers a SaaS platform that helps SMB construction contractors with different aspects of workforce management, such as Payroll, Time Tracking, Compliance, Accounts Payable, and Onboarding Workflows. The platform uses a specialized LLM to provide solutions that ensure compliance, manage labor costs, simplify the payroll process and support financial decision-making.
The platform is now open to general contractors, subcontractors, and specialty contractors who want to use its integrated time tracking and payroll application.
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