# Struxtion

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/struxtion

- Industry: Construction
- Headquarters: Cincinnati, US
- Website: www.struxtion.com
- Total disclosed funding: $5.5M
- Latest round: Seed (Nov 1, 2021)
- Investors on record: 4

## About

Struxtion is a financial technology company dedicated to improving payment processes within the construction industry through innovative solutions and the XPay Platform.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 raised USD 5.5 mn in Seed funding on November 1, 2021, with North American Properties as the lead investor, alongside contributions from Allied Realty, Associated Building Services, and Cintrifuse Capital. The total amount raised by the company stands at USD 5.5 mn.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. This platform enhances payment transparency and reduces financial risk through project-level fund control, serving owners, developers, specialty contractors, and trade partners primarily in the United States.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. The specific pricing plans and transaction structures are not disclosed.Struxtion plans to utilize the recent Seed funding of USD 5.5 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. Specific geographical markets targeted for expansion have not been disclosed, but the funding will support these initiatives as they aim to enhance their platform and reach a broader audience.

## Funding rounds

- Seed, Nov 1, 2021, $5.5M — North American Properties, Associated Building Services, Cintrifuse Capital, Allied Realty

## Investors

- North American Properties — Seed
- Associated Building Services — Seed
- Cintrifuse Capital (https://capitalatlas.ai/funds/cintrifuse-capital) — Seed
- Allied Realty — Seed