Treasury
Venture capitalNew York · Seed–Series A · 13 people tracked
Also known as TREASURY FUND MANAGEMENT LLC
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Investment thesis
Treasury invests in early-stage fintech founders building the next generation of financial infrastructure and tooling. The firm backs builders globally who are modernizing financial services and redefining their categories through new approaches to financial technology.
Source: firm website, verified Oct 13, 2026.
Team · 13 people
from the firm's website & curated & public directoriesCo-founder of Betterment, which he launched in 2008 and scaled into the largest independent digital wealth advisor.
Co-founder of Acorns, the first mobile-first micro-investing app, and of Say, a proxy-voting platform acquired by Robinhood in 2021.
Head of Beyond the Card at Capital One who previously built Betterment's 401(k) business and held senior roles at Goldman Sachs, Charles Schwab, and ZocDoc.
Product leader, investor, and professor with 15+ years in fintech who advises founders on product, go-to-market, and fundraising; previously led product at Betterment, Goldman Sachs, and Morgan Stanley and teaches at Parsons.
Finance and technology professional with operations, product, and strategy experience at early-stage startups including Daisy and CREFtech; holds a finance and computer science degree from NYU Stern.
Formerly advised SMBs on internationalization at an EU institution and is pursuing a PhD in economics.
Previously oversaw a global portfolio of startups and funds at a Ukrainian family office and worked with many startups at a consultancy firm.
Founder mafia
2 people who came through Treasury went on to found or lead other companies.
What they invest in
from 24 of 28 portfolio companiesFintech ×17SaaS ×14Enterprise Software ×13AI & Machine Learning ×9HR Tech ×5Marketplaces ×4Consumer ×3Data & Infrastructure ×3
HQs:United States×11France×1United Kingdom×1Israel×1India×1Singapore×1
Who they back
founder profiles across 16 portfolio companiesFounding team size:solo founder×72 founders×43 founders×34+ founders×2
Where their founders studiedfrom 23 founders with education data
Tel Aviv University ×2The Open University of Israel ×2University of Puget Sound ×2University of Southern California ×2
What their founders studiedfrom 21 founders with field-of-study data
Computer Science ×8Business & Management ×6Finance & Accounting ×3Design & Architecture ×2Economics ×2Law ×2
Where their founders worked beforefrom 24 founders with career history
Google ×3Remitly Israel (formerly Rewire) ×3Council on Foreign Relations ×2Lloyds Bank ×2Unicorn Growth Ventures ×2
Accelerator rootsportfolio companies that came through a program
1 hold an MBA (of 22 with degree data)
Investments · 28 tracked
founders shown can be your intro pathBy year:2026 · 22022 · 12021 · 25 dated
Andela connects global technologists with enterprise opportunities and serves as a platform for hiring, building AI systems, and upskilling teams.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareFuture of WorkHR TechMarketplacesWashington, D.C., US
Jeremy Johnson(Founder)inIyinoluwa Aboyeji(Founder)inNadayar Enagesi(Founder)Brice Nkengsa(Founder)inIan Carnevale(Founder)inChristina Sass(Founder)in
Co-investors4DX VenturesAccelerate AfricaAir Street CapitalAlbum VCAmplo VenturesCRE Venture Capital+32 more
April provides embeddable tax filing and advisory tools that platforms serving small businesses and gig workers can offer as add-ons or bundle into premium tiers.
AI & Machine LearningFintechFuture of WorkSaaSNew York City, US
Daniel Marcous(Founder)inBen(Founder)Raj(President & COO)Ben Borodach(Founder)
Co-investorsAtento CapitalNycaNyca PartnersQED InvestorsTranspose Platform Management
Ballerine provides AI-powered merchant policy fit analysis that evaluates whether merchants' business activities align with acceptable use policies (AUP).
AI & Machine LearningEnterprise SoftwareFintechSaaSTel Aviv-Yafo, IL
Noam Izhaki(Founder)inNitzan Gelbard(Founder)inAlon Peretz(Founder)in
Co-investorsDallas Venture CapitalICON - Israel Collaboration NetworkMoneta VCY CombinatorMarc BhargavaTeam8+1 more
Betterment provides automated investment management and portfolio advisory services for individual investors, including retirement accounts and taxable accounts.
FintechNew York, US
Jonathan Stein(Executive Officer, Director)inEli Broverman(Founder)inJohn MilehaminJon Stein(Founder)
BoardPeter Christodoulo(Director)inRyan O'Sullivan(Director)
Co-investorsAnthemis VentureBessemer Venture PartnersFJ LabsFrancisco PartnersFuture Perfect VenturesGlobespan Capital Partners+15 more
Blee provides a collaborative platform that brings legal and marketing teams together to streamline content review and approval workflows.
AI & Machine LearningEnterprise SoftwareFintechLegalTechMarketing TechNew York City, US
Guy Shahar(Founder)inJoseph NurielEvan Sandler(Eng Manager)Rebecca T(Hiring)Omer Malik(Engineering)Stephanie Mertz(Recruiter)
Co-investorsCardumen CapitalHannah Grey VenturesPenny Jar Capital VentureY CombinatorFin Capital
Bolttech is a technology-enabled insurance ecosystem that partners with leading insurers and distribution partners to serve millions of customers globally.
FintechInsurTechSaaS
Rob Schimek(Founder)
Co-investorsActivant CapitalLeapFrog InvestmentsMundi VenturesRaptor GroupBaillie GiffordBlueRun Ventures+1 more
Brankas operates an open finance platform that connects financial institutions with technology companies and consumers in developing markets.
Data & InfrastructureDeveloper ToolsEnterprise SoftwareFintechSaaS
Kenneth Shaw(Founder)in
Co-investorsInsignia Ventures PartnersIntegra PartnersAFG PartnersBEENEXTVisa Ventures
Capitalize provides data and AI-powered search tools for commercial real estate professionals to find lenders, loan comparables, and borrower leads nationwide.
Data & InfrastructureEnterprise SoftwareFintech
Luke Morris(Founder)inGaurav Sharma(Founder)in
Co-investorsLerer Hippeau
Charm Security builds AI agents for scam, fraud, and cybercrime prevention that combine fraud and security expertise with behavioral psychology, working alongside fraud, financial crime, and customer-facing teams to guide real-time prevention, investigation, and resolution.
AI & Machine LearningCybersecurityFintech
Roy Zur(Founder)inAvichai Ben(Founder)in
Co-investorsTeam8
Copper is a mobile app that pays users with points redeemable for gift cards and cash (e.g.
Consumer
Stefan Berglund(Co-founder)inEddie Behringer(CEO / Co-founder)in
Co-investorsAlumni VenturesClocktower VenturesFinancial Venture StudioGaingelsLaunchpad CapitalMaven Ventures+7 more
Atrium is a technology company and corporate law firm that provides business and legal services to startups, with an emphasis on fast, transparent, and price-predictable pricing.
ConsumerEnterprise SoftwareLegalTechMarketplacesSaaSSan Francisco, US
Justin Kan(CEO & Co-founder)inAmir Ghazvinian(CTO)inDaniel Kan(Founder)inOisin Hanrahan(Co-Founder and CEO)inUmang Dua(Co-Founder and COO)inTristan Zier(General Manager)
Co-investorsHighland Capital PartnersY CombinatorAlsop Louie PartnersCaffeinated CapitalCRV (Charles River Ventures)Crystal Towers Capital+8 more
Groundswell is a CSR (corporate social responsibility) platform that provides employees with tax-advantaged personal giving accounts, volunteer program management, and employee assistance funds integrated into a single workplace experience.
Enterprise SoftwareHR TechImpact & Social GoodSaaSRedondo Beach, US
Jake Wood(Founder)inAdam Miller(Executive Officer, Director)
BoardHeather Hartnett(Director)inJoe Marchese(Executive Officer, Director)in
Co-investorsCore Venture CapitalFelicis VenturesGV (Google Ventures)Moonshots CapitalCore Innovation CapitalHuman Ventures
Intelas provides a data management platform for real estate portfolios that centralizes and standardizes property-level financial and operational data from multiple sources.
AI & Machine LearningData & InfrastructureEnterprise SoftwarePropTechSaaS
Dimitrios Pilitsis(Founder, CEO)in
Co-investorsBackwards CapitalInnovating Capital
Kept provides off-boarding and benefits administration solutions for companies transitioning employees, replacing standard COBRA administration processes with supportive experiences.
Enterprise SoftwareFuture of WorkHR TechSaaS
Topher ReynosoinHaak SaxberginArvind Shrihariin
Co-investorsRecall CapitalWonder VenturesWedbush Ventures
New Range builds compliance technology and back-office infrastructure for broker-dealers and RIAs, covering areas like CAT reporting, best execution monitoring, and trade surveillance.
AI & Machine LearningEnterprise SoftwareFintechSaaSIrvine, US
Breanna P(Founder)Bre(Co-founder)Mark(Co-founder)
Co-investorsFikaPlug and Play VenturesTorch CapitalWedbush Ventures
Renegade provides an ownership-based model with community and operational systems to support independent insurance agents in growing, operating, and exiting their agencies.
FintechInsurTechMarketplacesNew York, US
Co-investorsblue 9 capitalMetaPropMetaProp VenturesNFXEx NihiloLeft Lane Capital
Rosaly offers a financial wellbeing platform that lets employees access earned wage advances and automates the handling of salary advances for HR teams.
FintechHR TechSaaS
Arbia SMITI(Founder)in
Co-investorsAUDEO VENTURESAuxxoClocktower VenturesFin CapitalFJ LabsHaymaker Ventures+2 more
Check Point provides unified security solutions for AI, infrastructure, data, and users across on-premises, cloud, and remote environments using hybrid mesh network architecture and zero trust principles.
Cybersecurity
Co-investorsG20 VenturesTal VenturesTorch CapitalUpWestat.inc/
Hissa provides portfolio management and secondary market infrastructure for investors managing private equity positions in Indian companies, consolidating holdings tracking and liquidity opportunities in a single platform.
B2B MarketplacesEnterprise SoftwareFintechHR TechSaaSIndia, IN
Satish Mugulavalli(Founder)in
Co-investorsAxilor VenturesYourNest Venture Capital
Tesoro operates a card-linked rewards platform that lets gamers connect their Visa or Mastercard to earn in-game currency when they spend at participating merchants, using a patented system that integrates directly with the card networks.
FintechGamingMarketing TechAustin, US
Beau Button(Founder)inTawsif Khan(Executive Officer, Director)
BoardJeff Cruttenden(Director)Blake Chandlee(Director)Jay Fishman(Director)Dave Yonamine(Director)
Co-investorsGaingelsTK MediaTech Ventures
Tumelo builds proxy-voting technology for stewardship teams at financial institutions, including ProxySphere, a pass-through voting infrastructure for pooled funds serving institutional and retail investors, and ProxyBeacon, an AI platform for shareholder-voting research.
AI & Machine LearningFintechSaaS
Georgia Stewart(CEO)in
Co-investorsNucleus Adventure CapitalUna Terra
Vantager is an AI-powered platform for limited partners that centralizes and indexes data from GPs and fund managers into a single repository, allowing users to access funds, underlying assets, and KPIs across their portfolio.
AI & Machine LearningEnterprise SoftwareFintechLegalTechSaaSNew York, US
Mason Lender(CEO)inNicolas Neven(CTO)in
Co-investorsEntrepreneur FirstBoxOne VenturesDash Fund
Verto operates a cross-border payment and foreign exchange platform for businesses, letting them convert, hold, receive, and make payments across 49 currencies.
B2B MarketplacesEnterprise SoftwareFintechSaaSLondon, GB
Anthony Oduwole(Founder)inOla Oyetayo(Founder)inAnthony O.(Founder)inAnthony Oduu(Founder)Joshua Daniel(Talent Manager)Adebayo Aderohunmu(Recruiter)
Co-investorsMiddle East Venture Partners (MEVP)P1 VenturesQuona CapitalUnicorn Growth VenturesUtopian VenturesVentures Platform+16 more
Warmer is a consumer directory and matching service that lets individuals search, compare, and connect with SEC- or state-registered fiduciary financial advisors based on fees, specialties, disciplinary history, and client feedback.
ConsumerFintechMarketplaces
Co-investorsGood Friends
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
CounterEmbedTailshift
Exits · 3
3 acquisitions · showing 1Execacq. by Handy
Portfolio news
latest coverage across their companies
Blee · fintech.global · Sep 20, 2026
Andela · en.wikipedia.org · Jul 21, 2026
Verto · startupintros.com · Jul 13, 2026
Betterment Holdings, Inc. · creditdonkey.com · Jul 7, 2026
Tesoro · gamesbeat.com · Feb 12, 2026
bolttech · techcrunch.com · Jun 4, 2025
Frequently asked questions
- How many investments has Treasury made?
- Treasury has 28 tracked investments, 3 of which have exited, including 2 dated in the last 24 months.
- What stage does Treasury invest at?
- Treasury invests at the Seed, Series A stages.
- What sectors does Treasury focus on?
- Treasury focuses on Fintech.
- Where is Treasury located?
- Treasury is headquartered in New York, US.
- Who does Treasury co-invest with?
- Treasury most often shares deals with Torch Capital, Alumni Ventures, Clocktower Ventures, among 87 tracked co-investors.
Media · Podcasts & interviews
featuring the teamMy Path Forward: Jeff Cruttenden, Co-Founder Say, Acorns and Treasury
TGR Foundation · Jeff Cruttenden
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