Web3 tax services company Tres Finance raises $11 million

Cryptocurrency tax startup Tres Finance raised $11 million in Series A funding. The investment was led by Lightspeed's new fund Faction, with participation from NewForm, Boldstart Ventures, CyberFund, and Ambush Capital. This funding brings Tres' total funding to $18.6 million. Tres provides accounting, auditing, reporting, and other financial services for web3 companies. The startup plans to use this funding to drive its growth, with the goal of expanding its customer base in the US, EU, and Asia-Pacific regions and increasing its customer base by 300% by the end of the year.