Crescent Raises $5M Pre-Seed Round, Launches Platform To Help Companies Improve Cash Management
07/05/22, 1:36 PM
Location
Money raised
$5 million
Round Type
pre-seed
Spend management and sustainable growth are amongst the hottest topics in Silicon Valley right now. Tech companies and startups are cutting costs through layoffs, revoking job offers, and expense management to extend runway in what could be a long fundraising bear cycle. While many companies are looking at ways to trim spending, Grant Roscoe, the founder of Crescent, noticed that most were ignoring the other side of the equation: how effectively their idle capital was being used.