- Startup Tres Finance announced the completion of its Series A investment round.
- The project has attracted funding of $11 million.
- The Tres platform serves clients with total assets of $19 billion.
Tres Finance, which provides tax and accounting services to Web3, has completed a Series A investment round.
The project has reportedly raised $11 million with the support of venture capital funds New Form, Boldstart Ventures, Cyber Fund and Ambush Capital. The total investment in the startup reached $18.6 million.
The Tres platform supports most of the first and second level blockchains, including the Bitcoin network, Ethereum, Avalanche and Solana. It serves clients with combined assets of $19 billion, helping them manage cryptocurrencies, track transactions and control expenses.
The statement said that Tres Finance will be able to serve companies that hold cryptocurrency on their balance sheets – regardless of the number of assets and the complexity of transactions. The startup intends to use the funding to expand its presence in the US, EU and Asia-Pacific region, as well as increase its customer base by 300% within a year.
Dmitriy YurchenkoLet us remind you that in December the derivatives platform GFO-X raised $30 million. The investment round was led by the M&G Investments fund with a capital of $332 billion.