Wrangld, a Richmond company that offers a scheduling and logistics platform for those in the building trades industry, has raised $1.13 million so far in a round of equity funding, according to a recent Securities and Exchange Commission filing.
The company, led by CEO and co-founder Jonathan Dyke, is seeking to raising $1.53 million, according to the May 31 filing.
Dyke did not respond to a request for comment. Sometimes companies do not comment on active fundraising for fear of running afoul of SEC rules.
Fourteen different investors have thus far signed on, according to the filing, with the first sale occurring in May 2023.
Dyke co-founded Wrangld in 2021 with Mason Herron, who serves as the company’s chief technology officer. Both Dyke and Herron have family who work in the building trades, and they spent a year and a half building their software-as-a-service platform.
The family members working in the trades often complained about the lack of integration between systems and how hard it was to have a unified communications structure between people in the office and people in the field, Dyke said. Oftentimes information got lost between when a customer called and the technician arrived at a residence.
“The idea [for Wrangld] came from my time at Microsoft,” Dyke told us in March 2023. “The last couple of years I was there, we were migrating everything into [cloud computing platform] Azure. … I got to see tons of different systems. I started to notice that people had 20 different programs to accomplish a job. I thought that was kind of nuts.”
