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Tres raises $7.6M to help web3 teams manage their financials and crypto data (TechCrunch)

  • TechCrunch
  • |
  • 09.20.2022

Jacquelyn Melinek@jacqmelinek / 8:00 AM EDT•September 20, 2022 

Tres, a financial “data lake” for web3 companies, has raised $7.6 million in a seed round led by boldstart ventures, its founder and CEO Tal Zackon, exclusively shared with TechCrunch.

Investors include F2, The Chainsmokers’ venture fund Mantis, New Form Capital, Kenetic Capital, Blockdaemon Ventures and Alchemy. As well as angel investors like Fireblocks CEO Michael Shaulov and Chainalysis CEO Michael Gronager, among others.

The Tel Aviv-based firm aggregates crypto data across different wallets, accounts and platforms, so crypto entities’ financial teams can better understand what’s happening internally at their business without needing the crypto-native knowledge and experience to gather the information, Zackon said.

Its platform can onboard any on-chain or centralized finance data sources and enable financial workflows like balance calculations or auditing and reporting so businesses can monitor and manage their web3 assets both on-ramp and off-ramp, Zackon added. “The thing about having all the data related to your business in a data lake in a format that you need with raw data and financial data, there’s no need to manually gather the data, move it around, edit it and do calculations.”

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