# Trunk Tools

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trunk-tools

- Industry: Software
- Headquarters: New York, US
- Website: www.trunktools.com
- Total disclosed funding: $70M
- Latest round: Series B (Jul 24, 2025)
- Investors on record: 9

## About

Based in New York, US, and founded in 2021 by CEO Dr. Sarah Buchner, Trunk Tools, Inc. operates as a construction-focused financial technology company that provides financial solutions to incentivize skilled labor and improve productivity. In July 2025, Trunk Tools, Inc. raised USD 40 million in series B funding led by new investor Insight Partners, with participation from other new investors StepStone, Liberty Mutual Strategic Ventures, and Prudence. Returning investors Redpoint Ventures and Innovation Endeavors also participated in the round. The company provides a SaaS (software as a service) platform that grants workers access to earned wages and bonuses daily through debit cards, rather than waiting weeks for payroll or paper checks. The platform leverages artificial intelligence (AI) to help managers set productivity goals and safety rewards that workers receive directly through SMS, which eliminates the requirement for additional application downloads. The platform allows workers to check their balances, view current and upcoming tasks, and review transactions from their phones. The company generates revenue by charging a SaaS fee to construction firms as well as through interchange fees. The company will use the July 2025 funding for further growth and development of its AI-based construction platform.

## Funding rounds

- Series B, Jul 24, 2025, $40M — Redpoint Ventures, Insight Partners, StepStone, Innovation Endeavors, Prudence, Liberty Mutual Strategic Ventures
- Series A, Jul 17, 2024, $20M — Redpoint Ventures, Innovation Endeavors
- Seed, Jul 13, 2023, $9.9M — Foundation Capital, Innovation Endeavors, Fifth Wall Ventures
- Seed, Dec 13, 2022 — Alumni Ventures Group

## Investors

- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed
- Innovation Endeavors (https://capitalatlas.ai/funds/innovation-endeavors) — Seed, Series A, Series B
- Fifth Wall Ventures (https://capitalatlas.ai/funds/fifth-wall-ventures) — Seed
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series B
- StepStone (https://capitalatlas.ai/funds/stepstone) — Series B
- Prudence (https://capitalatlas.ai/funds/prudence) — Series B
- Liberty Mutual Strategic Ventures (https://capitalatlas.ai/funds/liberty-mutual-strategic-ventures) — Series B