Crescent Raises $5M Pre-Seed Round, Launches Platform To Help Companies Improve Cash Management

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.