Tres Finance, a crypto taxation startup, raised $11 million in a Series A funding round. 

Venture capital firm Lightspeed's new fund Faction led the financing round that saw additional participation from New Form, Boldstart Ventures, Cyber Fund and Ambush Capital. The raise brings Tres's total funding to $18.6 million.

Tres offers accounting, auditing, reporting and other financial services for web3 firms. The startup intends to use the funding to advance its growth, with the goal of expanding its customer base in the US, EU and APAC and scaling its customer base by 300% within the year. 

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