Tres, which has built the first financial data lake for Web3 companies, has raised $7.6 million in a seed round.
Tres enables the collection and aggregation of digital asset data across disparate wallets, accounts and platforms, reducing the workload of manual spreadsheets, a process prone to human error.
The company says the data is organised and enriched and allows finance teams to work with it the same way they handle fiat data, making the user experience seamless and familiar.
The round was led by boldstart ventures, with participation from F2, Mantis in partnership with The Chainsmokers, New Form, Kenetic, Blockdaemon Ventures and Alchemy.
Notable angels also participating in the round are Michael Shaulov, CEO, Fireblocks; Michael Gronager, CEO, Chainalysis; Jesus Rodriguez, CEO, IntotheBlock; Itay Malinger, CEO, Curv; and Konstantin Richter, CEO, Blockdaemon.
Tres has Web3 customers in the US, Israel and Europe, including Hivemind, Stakely and Blockdaemon, and has monitored, analysed and reconciled crypto assets amounting to more than $40 billion.
“Web3 businesses are struggling to manage the exponential growth and complexity of financial data across digital assets,” said co-founder and CEO Tal Zackon.
“Tres’ financial platform provides an unparalleled level of visibility, monitoring, alerting and automation to Web3 finance teams and seamlessly translates high volumes of raw blockchain data into actionable information.
“We are thrilled to have the backing of the industry’s leading VCs and highly regarded crypto giants as we build out our platform.”