Struxtion
Latest round
- Seed
Last raised
- Nov 2021
Total raised
- $5.5M
Investors
- 4
About Struxtion
Founded in 2019 and headquartered in Cincinnati, US, Struxtion specializes in financial technology solutions for the construction sector. The company was established by Gregg Lund, who has a background in founding other companies.Struxtion provides a comprehensive suite of financial technology solutions tailored to the construction industry. Central to its offerings is the XPay Platform, which facilitates secure payment-as-a-service, enabling electronic lien waivers, digital joint checks, and flexible payment options for trade contractors and vendors.Struxtion earns revenue through its payment platform, which supports transactions for contractors, vendors, and project owners in the construction industry. The B2B model includes a variety of payment types, such as bulk ACH and paper check disbursements, with revenue generated from transaction fees associated with payments processed through the XPay Platform and possibly subscription-based services for enhanced functionalities.5 mn to further develop its platform, aiming to eliminate financial obstacles within the construction sector. The company is focused on expanding its technological capabilities and improving service offerings.
Who invested in Struxtion
4 investors across 1 round
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Funding rounds
Seed
Nov 1, 2021
Amount
$5.5M
Investors
Questions about Struxtion
Who invested in Struxtion?
Struxtion has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Struxtion raised?
Struxtion has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Struxtion last raise money?
Struxtion's most recent round on record is a Seed, in Nov 2021.
What does Struxtion do?
Founded in 2019 and headquartered in Cincinnati, US, Struxtion specializes in financial technology solutions for the construction sector.
Where is Struxtion headquartered?
Struxtion is headquartered in Cincinnati, US.
Which VCs invest in companies like Struxtion?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back construction companies at Struxtion's stage. Their profiles are linked below.
VCs backing construction startups at Seed
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