Kresus Raises $25M in Series A

Kresus, a San Francisco, CA-based Web3 app that lets users create mint, manage, and store digital assets, raised $25M in Series A funding.

The round was led by Liberty City Ventures, JetBlue Ventures, Franklin Templeton, Marc Benioff, Cameron & Tyler Winklevoss, Craft Ventures, and other blockchain focused investors.

The company intends to use the funds for continuing build out the app, hiring efforts, and key partnerships.

Kresus was founded by serial entrepreneur Trevor Traina, who previously founded/co-founded five technology startups and invested in many others. His exits include IfOnly (sold to MasterCard in 2019), StepUp Commerce (sold to Intuit in 2006), and CompareNet (sold to Microsoft in 1999), among others.

The company will be releasing the app in early 2023.